Doubt the LLC owner has performed all the necessary tasks to avoid the "piercing of the corporate veil" by an attorney that knows what they are doing.DM us if you'd like to discuss more and get an intro to such an attorney...

To avoid any confusion, this is not the same thing as ( “home sharing”, or an “owner-occupied rental.”)Improvements generally need to be depreciated over 15 years, note I said generally, depending on the nature of the improvement and how long the IRS standard depreciation period is for the cost and size of expenses.Strategies depend on a number of things including, but not limited to: type of property, your material participation, how long you plan to hold it, your goals.

Hey Liz,As a loan officer who has completed more than 2,200 loans in Minnesota, I can assure you that attorneys are completely unnecessary, and expensive in Residential Real Estate in MN. 

And four years ago, we all remember Donald Trump threatening to fire Jerome Powell if he didn't cut interest rates further at a completely unnecessary time, other than to help him try to win re-election.

This would help you avoid sinking more money into a property with marginal returns.

Thorough inspections and budgeting upfront are critical to avoiding surprises during renovations.

Addressing zoning and land development issues early is crucial to avoid delays.

Addressing zoning and land development issues early is crucial to avoid delays.

However, be clear about the types of properties or areas each broker should focus on to avoid overlap.2.

But what is being proposed is nothing more than an effort to avoid implication of the due on sale clause.