Purchase price: $63,000 Cash invested: $70,000 Sale price: $215,000 Project Overview:A E Talley Construction LLC is embarking on a single-family flip project in a traditional row house located in Philadelphia. https://youtu.be/BXD5TU2VCsA?

@Barry Pekin does the title company have to be in the sa e town or city ad the property ?

Lenders will use your tax returns schedule E to calculate your monthly rental income.

This is one of those posts that I will need to return to frequently to re-read it to pull out all the juice I can.

Such short term rental  will follow these criteria(see numbered list below), in order to take advantage of (1) qualifying to fill out schedule E, thus avoiding the Self-Employment tax should there be any profits. and (2) being able to offset your W2 income should there be a paper loss. 

It's very intuitive and has key functions that I really needed like the ability to quickly categorize transactions into categories that sync with your Schedule E for tax time, the ability to set up accounts for each property and sub accounts for specific things related to each property.

AND The landlord notified the tenant in writing that the tenancy is not subject to the “just cause” and rent increase limitations as specifically described in Civil Code Sections 1946.2(e)(8)(B)(i) and 1947.12(d)(5)(B)(i).

And there's no circumstance in which they can go on Schedule E. i.e., you just take the hit.That makes sense/seems fair.

The goal is to look at a property and analyze how much juice can you squeeze before moving forward.

He was talking condos, but for some fun, out of the box thinking to get your juices going - I would totally take your budget and get as many mid-century bungalows in Burbank between Magnolia and the Chandler Bike path that haven't been remuddled, with the original wood floor under carpet.