The adjustments you’re making—subtracting the old mortgage, adding exchange-related costs, and applying cost segregation percentages—are reasonable, but confirm with your CPA to ensure you're not missing any adjustments.

This structure prevents double taxation by ensuring the income is recognized as partnership income, which aligns with how the CRA treats LPs and LLPs.However, there is a caveat with this strategy.

Always consult a real estate CPA to optimize tax strategies and ensure compliance.This post does not create a CPA-Client relationship.

This approach gives you the opportunity to thoroughly screen potential tenants, ensuring they align with your values and standards.

The right lender will help you determine eligibility, guide you through underwriting, and ensure you're maximizing SBA benefits.Are you currently considering SBA for a deal?

This ensures all tenant messages are automatically logged and organized, while still allowing landlords to natively text back from their personal phone.Like you said, most tools require landlords to send and receive messages inside a platform.

.🛑 BOI Reporting non-compliance = $591 per day in fines, up to $10,000 + potential jail time.Final Tip: Many business owners work with a CPA to ensure tax compliance and maximize deductions.

Checking for past evictions ensures they have a track record of paying rent.✔ Criminal Background Check – In shared housing, safety is key—a nationwide search helps flag potential risks.✔ Verified Income Data – Looking at actual bank deposits rather than just pay stubs prevents applicants from using fake documents.With room rentals, a bad tenant doesn’t just affect you—they impact everyone in the house.

Since you want to keep your current home, ensure you have a solid financial buffer before diving into your first flip.Good luck!

I’m afraid your snail mail marketing campaign fails on all four criteria.The successful wholesalers I know agree that a MINIMUM of $10,000 PER MONTH needs to be spent on marketing/advertising to have enough “deal flow” to ensure a viable business.