As for the J taxes, I'm fortunate to be on SOFA status so I don't have to file Jtaxes.

However, the flipper has not been able to finish the project and has stopped responding to my emails, phone calls, and text messages to find out the status and next steps with the project.

REP status is not easy to receive and if you have a W2 it basically eliminates that.2.

So you get potentially more coverage.If the Blanket endorsement is not available in CA, then what he is saying about adding to his policy is correct, each additional insured would have to be an sepparate endorsement to the policy and might be charged for (here it could be $50-$100 each)If you do not require the additional insured status, you should see if the company will notify you of cancellation. 

Whether your objective is to generate rental income, create equity, or both, having well-defined goals can help you make informed decisions.Analyse your income, savings, and possible down payment in relation to your present financial status.

This was my intention all along-- I shared with her my intentions if I did very well, did status quo, or if things took the worse for us.

It doesn't make sense how the status of my 2nd home would change because I don't own my primary residence.

Your move-in date depends on the status of the property you will be leasing.

A noteworthy tax loophole, particularly beneficial for those yet to attain Real Estate Professional Status, offers a strategic approach to potentially offsetting OR EVEN ELIMINATING the impact of high job-related taxes.At its core, this tax loophole revolves around discerning between passive and non-passive activities within the realm of rentals.

Hey @Jason Thomas, As an overview for folks reading:Real estate professional status is obtained by passing BOTH of the two tests: TEST 1: 1. spending at least 750 hours in a real property trade or business 2.