However, the IRS defines Passive income—or unearned income as the Internal Revenue Service (IRS) calls it—is income that requires minimal effort to obtain.

Zillow can be fun to deal with.Anyway, the fun part of the Exclusive Agency Addendum" in Texas is this:"If Owner sells or leases the Property to an Excluded Prospect, Owner will not be obligatedto pay the fees due to Broker under Paragraph 5A of the Listing, but Owner will pay Broker, at the time the sale closes or the lease begins, a fee equal to"and an excluded prospect is defined in the very next paragraph:"In order for a person to qualify to be an Excluded Prospect under this Addendum, Owner must send Broker written notice identifying the Excluded Prospect by name, address, and phone."

I definably learn it.

The original ownership was very smart in that it has a campground component and there are over 300 houses in 318 acres.

I think that the intent was to prevent breaking a single UoP into components.

Hey BP community!I am an aspiring investor, and I'm based in a suburb of Houston, TX. I initially set out with the goal of house hacking a Multi-family property, I quickly came to learn that not only does my area not ...

. $8,800 to 11,000.00 is more realistic because like most guru's they hold back key components unless you pay more for them. 

@Aaron S.Are you and your partner both planning to serve until you have access to your defined benefits?

This is where the operating agreement component comes into play.

He told me since I just bought this building; I can depreciate the components or something.