Your question has been debated between BP tax experts both privately and publicly, for example here: https://www.biggerpockets.com/forums/51/topics/819991-expens...And we ended up where we started: no consensus and no clarity.There have also been court decisions that support my interpretation, even though I personally find these court decisions debatable.

With over 20 years of experience as a mortgage expert and real estate investment veteran, we leverage our mortgage company to secure below-market financing for our clients, ensuring maximum value and profitability.

@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.

Are you a Certified Property Manager?

I am starting my first househacking deal this year and I will Segway that into my second deal by end of 2025.I would love to hear all you experts and pros with experience to tell your story.

A lot of my clients want to get into real estate, but I’m not an expert on the investment side, so I’m looking for some advice.When it comes to using funding like this, what strategies do you think work best?

I'm not a climate or weather expert though. 

@Jake Knight is the expert for the Indianapolis area - he has been doing property management for year. 

You won't be really able to find a tutor.I consider myself a Yardi expert focused on accounting.

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