The complex/association was built/created in 1989 and the association is in good order financially and insurance wise. 

We have created a new LLC to invest in multiple family homes for growth and income in Virginia and surrounding areas.

For a beginner, a simpler legal duplex might (STR) be easier to manage while still providing strong tax advantages.This post does not create a CPA-client relationship.

Especially considering you're out-of-state.Two recommendations: Use on-demand workers (Virtual Assistants) and AI to create your custom software.A remote team allows you to have people answer tenant calls, leasing calls, and maintain your marketing activities - without actually hiring them, and only paying on an On-Demand basis.With AI you can build a system that works for your unique situation, simply by writing it.

I was looking last minute for someone who could get me a second opinion and found someone on the BP forum: Jose Garcia Venegas from Pacific Creat Advisors.

You should hire a tax professional to create a strategic tax plan.

.- For owning property out of state in Illinois should i create a business entity, or just personally own it?

I'd like to get someone to create an account with the business and see what they think?

@Jerry Shank With $500,000 to invest, you’re well-positioned to create both immediate income and long-term wealth with the right structure.

Install throughout main areas for consistency Rochester renters love.Why Rochester Property Management Avoids Carpet Carpet creates ongoing maintenance nightmares in Rochester's climate and can require frequent professional cleaning and replacement between tenants.