By electing QBI safe harbor, you ensure that your rental activities qualify as a trade or business under §199A, provided you meet the 250-hour material participation rule and maintain proper records.

If you’re trying to handle everything yourself, it can quickly turn into a full-time job.From what I’ve seen, a well-trained VA can take a huge workload off your plate by handling:Tenant Screening & Communication – Answering inquiries, pre-qualifying tenants, and scheduling showings.Lease & Document Management – Sending and tracking lease agreements, renewals, and keeping paperwork organized.Rent Collection & Follow-Ups – Tracking payments, sending reminders, and ensuring rent is collected on time.Maintenance Coordination – Managing repair requests and keeping everything running smoothly.But here’s the key—you can’t just hire a VA and expect them to magically know your process.

@Kiryl Ulanovich,You're on the right track:Get Pre-Approval from Hard Money Lender – Know your terms and limits upfront.Find a Deal Through a Wholesaler – Verify numbers and ensure it meets your criteria.Review the Assignment of Contract – Confirm terms, earnest money, and contingencies.Conduct Due Diligence – This includes an inspection (if allowed), verifying ARV, and rehab estimates.Submit to Hard Money Lender for Final Approval – Lender will review title, contract, and property condition.Title Search & Clear Any Issues – Ensure a clean title before closing.Close Through Title Company – Finalize funding and take ownership.Consider also lining up contractors early for a smooth transition into renovations.

Here are the steps:Contact your local county assessor’s office to obtain the application form.Complete the form with details about the property and the transfer.Submit the application along with any required documentation, such as proof of purchase or transfer.Follow up with the assessor’s office to ensure your application is processed.ConclusionThe ATI Exemption is a powerful tool for property investors in South Carolina.

However, I’m new to navigating such a situation, and I’m looking for guidance on:Collaborating with neighboring property owners to reduce costs and share resources.Structuring deals involving land contributions and joint development efforts.Attracting capital partners for projects like this.I think this could turn into a win-win for everyone involved, but I want to ensure it’s planned and structured correctly.

My next goal is to implement the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) method, specifically in Birmingham, AL, and focus on Section 8 properties.With relatively good rehabs, I’m not looking to be a "slumlord"—I want to provide quality housing for tenants while also ensuring my investment is successful.I’ve heard mixed reviews about Section 8 tenants, but I’m eager to learn more.

Given the short-term nature of mid-term rentals, including utilities can make your property more attractive to potential tenants, but it’s essential to factor that into your overall rent pricing.The best way to go about this is to ensure your listing is visible to your target audience.

As a loan officer, I recommend first ensuring you have a thorough assessment from a contractor who specializes in fire damage.

✅ How do you ensure the property appraises high enough to refinance fully?

.✔ Look deeper into financial patterns – Ensure their income deposits are steady and align with what they’re reporting.A credit score alone doesn’t tell the full story, and given the bankruptcy, closed accounts, and self-employment, extra due diligence is needed to make the best decision.