In the future, and this goes for all househackers renting a room in your own home, you can choose to use more discretion when picking "tenants" because they're legally seen as roommates FYI.

This could help smooth out cash flow in the long run by locking in a lower rate and reducing future payment pressure. 2.

Those records not only helped with tax filing but also guided future projects by showing what provided the best ROI.

Don't ask on this thread, as most tax strategies require a good understanding of your current and future tax situation first.

I hope to buy more real estate in the future I'm just not doing it now.

If rents are under market, consider small increases or exploring additional ways to optimize your cash flow, such as taking on another roommate.Refinancing is also worth exploring in the future.

Let them know you’d still love to work together on future deals if the terms align better.

Just suck it up in the short term and reap the benefits in the future.

I was graciously invited to a REIA retreat to go over the future of REIA and how to stay relevant in this information time we are in.

Additionally, filing establishes a record of your business activities, which can be beneficial for future deductions or tax compliance.This post does not create a CPA-Client relationship.