The wealth of information shared is nothing short of mind-expanding, covering diverse aspects of the subject matter.What sets this mentorship apart is not just the depth of knowledge but the genuine camaraderie among members.

They work on our accounting/bookkeeping/reporting/administrative aspects of our rental portfolio.

This can range from minor cosmetic upgrades like new paint and flooring to more extensive work such as replacing the roof or plumbing.

I also had some property I had to find different carriers for as well as having them remove the roof from coverage and other lame games.

It can be a lot of work at times but its definitely not enough to live on because I don't put enough money back for the big stuff- things like say a new roof, new carpet, fence, painting building, HVAC repairs, etc.  

You don't need much capital and you kill two birds with one stone -first investment +roof over your head.

Growing up in a roofing family I got put to work early.  

College kids and someone of that age under the same roof tend to butt heads....Here are some key things I've learned after 4 years of landlording/house hacking: 1.

But knowing its value is key for taxes.IMPROVEMENT VALUE:This is the value of all the upgrades you make to your property – like a new roof or an updated kitchen.These improvements can be depreciated, which means tax savings for you.3115:Filing this form can allow you to claim missed depreciation from past years.Basically you are letting the IRS know that you are moving from the standard deduction to an accelerated deduction.RECAPTURE:It's payback time!

The damage to the property can be handled over the next several weeks (large tree on roof, landscaping destroyed), though it is unclear when we will regain power and water (potentially weeks beyond repair?).