Do not rely on it for legal advice.

Here is a detailed look into this issue:https://www.biggerpockets.com/forums/51-tax-legal-issues-con...

The issue is legally be allowed to raise rents and getting around what the city believes is fair market rents.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

ADUs will be legal, by-right, state-wide starting in February.

A duplex or triplex could be a solid first step.Get Legal AdviceTalk to a trusted attorney before agreeing to anything like a trust.

Income Late fee Gross rent Expenses Advertising Cleaning Gardening/lawn mowing Insurance Interest on loan(s) property tax Legal expenses Pest control Property agent fees/commission Repairs and maintenance Water charges Electric Bill Total expenses Net rental income or (loss)

Soon afterwards a guy was trying to wholesale it on Facebook (not legal, btw.)

Deduct Selling Expenses: Costs associated with selling the property, such as real estate commissions, legal fees, and advertising expenses, can be deducted from your sales price, thereby reducing your taxable gain.9.

Do most get a legal review for each fund they invest in?