You simply don't know what traps you're walking into in these out of state markets.

TBH the SC property was simply the result of informal Zillow searching, and it appeared promising due to a few factors:  Simple brick construction and layout, only 2 of 8 units upgraded so potential value add, community with some growth and within commute of major job centers, and priced lower than our current rental property which also has 8 units.  

I finally quit the LLC business(it's a joke) and had an attorney redo my titles,  and I now simply have high Umbrella insurance coverage.

Here I simply take over the existing loan and payment & need about $15,000 “Cash on Hand” to cover expenses & reserves etc.

Whether you're looking to build equity, generate rental income, or simply find a place to call home, having a clear financial plan is crucial.Consider attending local real estate meetups or joining online forums where you can share experiences and gain valuable insights.

If your return for investing in another property is greater than 8.5%, than it would be beneficial to invest rather than pay off the debt (would want a sufficient cushion above 8.5% to justify the added risk and work of investing in another property vs simply paying off debt). 

Podcasts and books will simply reiterate whatever a "guru" will tell you.

A massive step beyond google search, but certainly not sentient yet either.I'll take a stab at explaining my understanding of what goes on under the hood: 1) Large language model chatbots (like ChatGPT, Claude, Gemini, etc) turn the text you type into numbers (vectors).2)Then they use advanced algorithms to understand the contextual relationships between those numbers. 3) Finally, they synthesize a response based on that understanding.The responses can appear creative and downright impressive because they are considering a massive amount of information, logical relationships between words and context that the human brain is simply not equipped to handle itself.

@Michael OverallQBI number is not some "loss" that you can benefit from.It's simply an FYI number that prevents you from taking a QBI deduction in the future because you had multiple years of prior losses.Short story: you're not missing on anything.

She has cussed me out multiple times, told me she will "f*** me over", simply because of me asking her to pay rent and has just been a complete nightmare.