These two departments usually have two separate, but somewhat related, systems.

Your $360k rehab does not need cost segregation, it needs a careful separation of what actually went into the rehab.

There could be better options where you can still keep your monthly a bit lower with a higher income producing separate unit.Hope this helps!

😄So I’ve mostly been looking at basements with a walkout that I can finish and that can be separate from the main house.

@Hai Le, if the rate is flat why break it out separately?

The property is a 5-bed, 2.5-bath 3800sqft home with a separate area in the back where a woman runs her daycare business.

It matters.Myth 5: I qualify for Real Estate Professional, so I get to deduct all STR losses, tooREPS is a completely separate game.

I see that a ledger is provided by the RentRedi softwhere, which is awesome, but I was wondering if anyone had insight in if I need to set up a separate cash journal and if so, what is important to include and how should it be formatted? 

However, to protect yourself, you should also obtain a separate STR or landlord policy that covers the specific risks associated with renting out the property.

Bank accounts for each and handling everything separately So, I met with a CPA last week, and the advice she gave me was to create a Holdings LLC and a Property Management LLC in addition to the current 2 property LLC's.