Avoid personal use of the property, as it can limit deductions, and be careful to correctly classify repairs versus capital improvements, as improvements must be depreciated.

Do you rely on local property managers, or do you have your own systems in place for things like maintenance, tenant communication, and rent collection?

It dropped 1 3/4 inches of rain in 2 hours at the Bellingham airport and also closed a section of I5 up there for hours due to a landslide.We had one come through in 2022 that exposed serious issues and blockages in the drainage system for the house we bought in 2021.

You'll see a ton of people make money on the connection to the realtor, investor, and/or professional versus being them him/herself.

Hello,I am interested in a property which is fully rehabbed, but the property is having laminate wood for flooring everywhere in the house.The numbers work fine for rental income. The only concern I have is the lamina...

You can save that amount or more simply by designing and specifying the right foundation, exterior facade assembly and/or roof system.

We are near a major college campus and a large naval base as well as the best school system in the state so it is a highly sought after area.How would you go about doing this?

I am definitely the one doing the work on the LLC as well as the tax complications being lower with a single member versus the spousal partnership.

What they should do versus someone who has some knowledge and pushback is very different.

I believe WWC and my goals are aligned, however with these high upfront fees, it appears the general partners would do well with or without the asset performing, which risk is there with potential market correction coming.And, I see what you mean, WWC seems to be doing well with their system, so they may be squeezing more juice on deals now b/c they deliver for their investors.