With properties spread across four states, the overhead in managing them—plus any local quirks—can create hidden drags on your net income.

Projects will last longer than thought, cost more than thought, finishes won't be as good as promised, holding costs will pile up, then you hope your GC doesn't ghost you and run off with the draw money. 

You could continue to rent or sell, and you'd get back close to $75k for your effort managing it for 8 years, but you'd have no negative.

When they ask what tax I am referncing I explain its the cost of dealing with the BS that will inevitably arise.

I know older women in their 70s who had to go back to work because their widow benefits from Social Security and pension from deceased husband wasn't enough to live in with high costs now - they didn't have the benefit the internet and networking to become financially savvy when they were young. 

Goodmorning BP family, in a situation, currently where wholesaling a 3 property portfolio. 2 units have tenants one is vacant, Seller has been a massive pain entire time, managed to get through the process, we’re on our last 4 days until closing although seller will not provide leaseback information for our partnering buyers until we sign closing papers.

-John, Property Manager, Real Estate Investment BrokerClarksville, TN

Depends on your question I guess but I would start by contacting your Realtor and/or your Property Manager.

Bigger Pockets is a great place to find an accountant specializing in real estate taxation.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.

Underestimating rehab costs - get a contractor bid.5.