Return:Finishing the basement and adding bedrooms can add significant value, especially if your local market places a premium on additional living space.

.📢 Marketing Expenses – Ads, branding, and website costs are fully deductible.⚠️ IRS & BOI Penalties to Avoid:🛑 Late business tax filings = 5% penalty per month on unpaid taxes (up to 25%).🛑 BOI Reporting non-compliance = $591 per day in fines, up to $10,000 + potential jail time.Final Tip: Many business owners work with a CPA to ensure tax compliance and maximize deductions.

I'm a Ny'er and own a wholesaling business in the Milwaukee Market. 

how much are the rents compared to market rents and the query's go on and on......

Commissioner, 73 T.C. 766 (1980), specifically confirmed that rental management activities can qualify for the home office deduction, regardless of passive income classification.Key Considerations: 🔑The space must be used ONLY for rental managementNo personal activities or other business uses allowedMust maintain solid documentationActivities should be regular and substantialPro Tips: 💪Consider the simplified method ($5/sq ft, max 300 sq ft)[Rev.

Wanted to inquire if anyone has a contact for a structural engineer (on a residential property) in the Las Vegas area (Henderson specifically).Need to get an inspection done on a carport. 

Not really sure, What do they specifically afford please?

Based in Santa Monica, focused on out-of-state markets with strong growth.Not here for sales pitches, just real connections, real deals, and real conversations.

FICO is 780+ and currently have 4 other investment properties including 2 STRs in the same market we are trying to close on in West Virginia.

Sure, markets change but if you had enough buffer in your initial decision, you should be fine.I live off my LTR's.