When you say a man in debt is a slave, are you referring to debt used for personal items, or are you including debt used to acquire income producing or capital appreciating assets also?  

Hi @Kelly Rao, we compete with Nomad in the Denver property management market, so I'm familiar with their business model. 

Microwave popcorn from Costco is the only food item I do.

so much private land has been logged and replanted since then.. in those days we would buy a 40 lets say for 150k  take 200k of timber off of it then sell the land on contract for same price then hypothicate the note to pull out more cash rinse repeat.. we also would use our logging roads and staging areas stratigically so when we left the roads were in the right place to do a 4 way lot split and the landings/stagging areas became the building pads.. in the NW permits for logging are not tough.. in those days it was over the counter and there was nothing you needed to do with regard to excavation.. however if I just bought the land and wanted to put in roads and pads then I would have had to get a grading permit and all the survey and engineering that went with it.. its was really something how we did that.. and I miss it to this day.. the other item that made it so profitable was Japan was paying premium for Export quality doug fir logs.. you could get double or more for export logs.

Then, we match that journal entry to the bank deposit transaction so everything is reconciled.So, you'll record each line item your PM gives you via their monthly owner statement using a journal entry within Stessa for September 2024 dated 09/30/2024.

I have not heard of an extension as of yet.Your 100 hours is related to material participation for STR not the real estate professional status, they are two separate items but in a way can be connected (kinda).I'm not sure what you mean by "sell it for no bonus depreciation recapture" because you are required to take depreciation, if you don't the IRS should calculate your tax as if you did.Your head is in the right place and I wish you luck but would highly recommend consulting with a tax professional before proceeding if this is your plan.Best of luck Dennis!

We’re looking to rebuild our business model and would love your input as a landlord.

I’m wondering if anyone here has had success with this model and could share some strategies that worked for them?

So if there is an item that we really want to purchase then we will save up for that big purchase.

AS for building 3 mil more homes that will cause price rises again in lumber and other items for the house not to mention man power  ..