This includes declaring rental income received and deducting applicable expenses such as maintenance, property taxes, and mortgage interest related to the rented portion.Once Cousin B acquires 50% ownership, they will begin reporting 50% of the rental income and associated expenses for the portion they now co-own.

My brother and I would like to be co-owners to the new property but our contribution to the purchase of the new home is by way of investment loan, so let's say my parent's home sells for 500k and they want to go in on a $1M piece of property.

Purchase price: $650,000 Cash invested: $65,000 STR in Black Hawk CO

Purchase price: $710,000 Cash invested: $142,000 STR in Wheat Ridge CO What made you interested in investing in this type of deal?

I have a odd question,  70+ unit property 6mill left on note 5.50 30yr amortized   assuable 3 yr i/o remain BP calculator, Cash flow is positive cap x 1.5mill in Improvemennts in the last year with 20 units for value ...

I got a quote for Co-Star, and it was out of my price range since I’m starting out.

Start a co-hosting business.

I do have those who show up stating “but my cats are clean” or “it was only one eviction” which I just say no, but I’ve also had those who may be slightly off income but have a qualified co-signer, or a lower credit score but it was for a medical bill or student loan, and they worked out well.

However with all building purchases the first thing I do is install hardwired smokes and CO detector.

Sue Kelly, I completly agree , I would suggest a co signer on the lease also .