Feel free to reach out if you have any questions!

Active losses (while REPS) for active income.

One common theme on the forum that I have noticed is that reators who are active in a certain markets keep pumping their narrative and bias which puts me off as the motivation is at question here.

The Tenant Classgreatly impacts rental income stability and property maintenance/damage by tenants.Both Property Classand Tenant Class affect what type of contractors, handymen and property management companies will work on a property.If you buy & renovate a property in Class D area to Class A standards, what Tenant Class will rent it?

Is this section 8-(or some kind of fixed income program) these units seem very low priced?

If you have any questions I am happy to help answer on-line or off-line, don't hesitate to reach out.

Here are key steps for effective screening:Application Form: Require the new tenant to fill out a detailed rental application to collect essential information, including employment history, references, and prior landlords.Credit Check: Perform a credit check to assess financial reliability, past payment behavior, and overall financial responsibility.Judgments & Liens: Ensure judgments and liens are included within your report; they are no longer on credit reports.Background Check: Conduct a criminal background check to identify any potential issues that could affect their suitability as a tenant.Income Verification: Confirm that the potential tenant has a stable income and meets your required income-to-rent ratio.By thoroughly screening the potential new tenant, you'll ensure that they are a good fit and reduce risks associated with lease transfers.

This means the $80K LLC profit is subject to both ordinary income tax and self-employment tax (15.3%), regardless of your high W-2 income or capital loss carryover.

A year ago, my taxes were pretty straightforward—just W-2 income and some Airbnb earnings from my place.

This will save you on subscription costs.Also, QBO has a receipt snap feature.If you want to discuss any of this further, I'm happy to answer questions and help walk you through it.Best of luck!