when you did you got a 50% day one write off and recapture was sunset at 5 to 7 years..

The LLC also gives you the ability to write off expenses associated with the property that you could not do as a personally owned house.My 2 cents would be to leave it the way it is and not transfer it.  

I just want to be sure I write this out correctly in the request for repairs form.

If you really feel you must get this place get multiple quotes on the largest issues, write an extension to the inspection contingency and do more due diligence.  

rent is a function of the rental market, and a mortgage is a function of price and rate. 

There is a legal concept that when a contract is ambiguous that it will be interpreted in favor of the party that did NOT write the document.

Looking to use the short term rental loophole.If I use the short term rental loophole for my STR, I material participate and do a cost seg study.Can I take the value of the building in the first year as depreciation and write it off against my wife's income?

Usually you can get one for around $10 a month, but Google Voice is free.WHAT TO WRITE ON A BANDIT SIGNHere is what most people write or something to the effect:WE BUY HOUSESAS-IS ALL CASHFAST CLOSINGCall (555)555-5555SOCIAL MEDIA ADVERTISINGIn my opinion, this is the most cost effective form of paid advertising.

@Brandon Ja - The standard answer here is to check with your CPA, but from my standpoint expenses that add longevity and functionality to an existing property (including adding square footage) would make that a capital expenditure that can be depreciated over time.

Also many flippers are buying now simply for tax write off purposes.