. - Taxes are on the higher side at $6,000 yearMy Numbers: $115,000 putting 20% of my money $23,000 and finance the rest with total expense of $1,834Monthly expense numbers: Future Maintenance 13% $273 - Vacancy 5% $105 - Property Insurance 5% $105 - Property Taxes 23% $500 - Property management 10% $215 - Office/Travel/Legal 4% $84 - Mortgage 26% $552 - Monthly Cash Flow - $316 per month or $3,792 per year so Cash on Cash = 17%I think this looks like it is a deal worth doing and I also believe I can bump the total rent up by $50 each tenant which I think make it even better.

The surplus line broker shall collect the Ohio tax of five percent of the amount of the premium for the insurance policy at the time the insurance policy is delivered to the insured."

@Rebecca GonaBigger Pockets is a great place to find a tax accountant that specializes in short-term rentals. 

You need to have the income and tax liability to support the depreciation.

This is tax free. 

Debt is rarely a factor in their issue. the ultra wealthy I know  with a few exceptions have very limited debt.. to no debt. 

He was a good guy” and his information  on buying at tax or foreclosure sales was realistic and doable. 

Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.

Hi All, any input on renovating a house and possible tax exemptions under an LLC?

Make sure your financial advisor understands real estate taxation, financial planning and tax planning.