You should track your own units expenses as well so when you move out, you can quickly reclaim any expenses or depreciation you built on the personal unit when converted into a 2nd business unit which would then be included on your schedule E.You also write off half of your property taxes, insurance, HOA dues, or any shared expense.

Yes, Im thinking about using them for a flip as well and would like to know if anyone has used them and what were their experience.

But in their case, the lease was long enough and well-structured enough that the income and stability felt almost like a normal acquisition.In your scenario, the airport authority charging a rent based on a percentage of gross revenue isn’t unheard of, and from what I’ve read in The Economist, these ground lease structures can pop up in different forms.

Good luck and hope it goes well for you! 

We have six properties under management with JWB (five purchased from JWB) and “it ain’t going so well”.Ask Me Anything 

My tough today is different than my tough next week.Many new(er) investors struggle to manage their rentals well.

Well, of course it depends on the individual circumstances, the amount of time comitted and the capital available.

Looking to learn more about seller financing, the art of the deal as well as connecting with like minded investors in Chicago and beyond!

I'm looking to purchase my first property with my fiancé (both 25) with the goal being to establish our primary residence together, as well as giving me the opportunity to add equity/value via rehab before moving on and converting the property into a rental within a year or so to kickstart an investment portfolio.An interesting lead that recently came up is my parent's neighbor's house.

You’ve done very well.