There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

As a first timer, I would be cautious of houses or units with a large number of renters within one shared unit. 

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

This limits housing for working people who will pay their rent and maintain a clean unit without rule breaking.

This means the cost would generally be capitalized and depreciated over time, rather than deducted immediately as an expense.On the other hand, if you were simply repairing the existing refrigerator to maintain its normal operation, that would likely be considered an operating expense.

This will also give you education on saving money and managing a business as like anything in life, there will be income and expenses and you need to always maintain that balance.

I save on property management fees, maintain control over tenant relations, and personally ensure things are done right.

Hi BP members, my name is David and I'm a full time RE investor in the Fremont, CA area.

This setup allows me to maintain my current income while being physically present in Missouri to actively manage our real estate investments.My BRRRR Strategy:My goal is to identify single-family homes or small multi-family units that need some rehab work, ideally in neighborhoods with strong rental demand and growth potential.

Why This Matters: For investors in multi-family properties, especially in today's real estate market, maximizing tax savings is crucial for maintaining profitability.