I aim to allocate a small amount of funds toward a Roth IRA and a high-yield savings account (HYSA).My current job offers limited opportunities for overtime, so I’m exploring side work related to real estate, such as part-time property management or similar roles.

Hey @JorgeMagana we had a great experience with them, The change in accounting and amended return cost us around $2k so we ended up getting a check for almost 30k. 

My understanding is the key is to keep separate bank accounts and financial transactions.

Always a good idea to include a tax accountant in your decision-making process. 

Vegas can be a good market depending on your investment goals, especially for short-term rentals, but it’s important to account for stricter regulations and higher property prices.

My late wife and I held joint interests in a piece of real estate in our separate individual self directed 401k accounts.

I too am confused by the “It won’t look consistent to the tenant or to the accountant.”

We're contemplating allowing pets, as there will be no other roommates besides us and we don't have any allergies.Questions:- Considerations for Allowing Pets: What factors should I take into account when renting to tenants with pets?

Just like any other investment, if you take into account all your costs and buy at the right price, you can still make a decent profit.

This could free up more cash flow to reinvest in your deals.But here’s where it gets interesting: making the transition to an S-Corp can require a more organized financial structure, which includes separating your accounts, keeping clean records, and being prepared to pay yourself a reasonable salary as the business owner.