May your bookings be as plentiful as you wish, your guests be low-maintenance, thoughtful, and honest, and your positive reviews numerous.

You cannot transfer the 1031 exchange benefits to another property, and gains are deferred, not eliminated.This post does not create a CPA-Client relationship.

Don't forget to add fringe benefits such as health insurance and also payroll taxes, etc. 

You might also want to look at the benefit of doing a Cash out refinance and getting rid of that LOC.

Two reputable termite treatment companies have recommended that my townhouse and all the others in our row of 6 townhouses need to be fumigated together.The management company and the HOA board of directors have been aware of the termite infestation in numerous townhouses in the community for some months.

Putting a property into an LLC before placing it in a trust is generally recommended because an LLC provides a stronger layer of asset protection against creditors and lawsuits compared to a trust alone, effectively isolating the property from personal liabilities while still allowing for estate planning benefits through the trust structure; essentially, the LLC acts as a shield to protect the asset within the trust from external claims.Consider getting professional advice on how to structure your assets to shield and protect the asset(s).

The tangible/measurable benefits do seem to pan out over the life of the system especially if energy prices continue to rise.

If investors attempt to streamline their services, it can lead to a more organized approach to property management, lowers the risk of gaps in insurance coverage or missed tax benefits as well as simplifies communication and reduces confusion.

It took me 10 years and I had the benefit of starting when RE was cheap.A business has literally the opposite character: it's primary strength is cash flow.

(This is why most IRA accounts use the initial FBO "for the benefit of") That is why you can't easily get to the money and have to pay taxes upon withdrawing it.So, if you invested in real estate, and created some cash flow, the money MUST go back to the custodian and the IRA.