For instance, if we had 5 AC units go out, I couldn't cover that on a dime without outstripping my capex and tax savings, but I could probably pay off in a few months.

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

you add it to the price, and then happily pay it out...That'll happen for sure, in some instances but then that's just like it is now.  

In fact, in some instances even negligence will only lead to a carrier covering legal representation under their reservation of rights and will not cover any settlement or jury award.

OCF inherited these tenants from the previous owner and I hope that their own screening process helps minimize future instances like this.

It does allow me to tag different owners (my LLC vs properties in my own name, for instance), but I couldn't figure out how to run reports specific to each, nor could I figure out how I might use this to track my realtor side-hustle, deal with my owner-occupied duplex, etc.But in spite of the sadness around the accounting, there's something about this package that I really liked.

For instance, if a property worth $10 million brings in $100,000 per door, the cap rate is $100,000 divided by $10 million.To quickly size up a deal, I rely on the 1% rule: if the price is $100,000 per door, I expect to see at least $1,000 in monthly rent.

For instance, one "expert" I wasted my time/money on because he wasn't as informed/educated as he pretended to be.

@Jena VailThat is how we prefer to sell owner financed is the 10/10/10 rule(10% down 10% interest for 10 years)We have modified this in instances for larger or smaller down payments or changed amortization but had a ballon