Watched some tax deed videos for about a year and pulled the trigger on it in September.

Hopefully the partnership filed timely even if they didn't give a k-1 as it's a certain amount due for penalties per member per month. 

We still have to do some manual work for now.With you having a total of 30 units between your partnership and your personal portfolio, as long as your cash flow is decent, I'd say it's time to hire an REI-savvy Bookkeeping Professional.If you're good with how you're currently doing your bookkeeping, you can hire a cheap bookkeeper and train them to take over what you're currently doing. 

It's a gift because you dont want to trigger capital gains??

Partnerships are another strong option if you can bring hustle, market knowledge, or deal finding to the table while someone else brings capital.

The out price was about $700 so I figured 150 would be a good number and I could pull the trigger. 

Any tips for building a reliable local team before pulling the trigger?

However, the extent of these deductions largely depends on how the LLC is taxed—whether as a sole proprietorship (reported on Schedule C), a partnership, or an S corporation.

Earlier this year, I partnered as a lender on a portfolio of rental properties in Evansville, IN. Unlike a single-family flip, this was a larger, more complex project that required coordinating across multiple propert...

Even just having them run “what if” scenarios before pulling the trigger on a deal saved me from headaches.So I’d say if you’re serious about growing this into more of a business, finding a tax pro who lives and breathes real estate is worth it.