I hold a Notary Public and I have a positive cash flow in the Utility Space as well.

The decision to use Schedule E or Schedule C for reporting rental income from house hacking can depend on various factors, including the nature of your rental activities and how you've structured your rental business.Schedule E is typically used to report rental real estate income and expenses for individuals who own rental properties as investments or passive income sources.Schedule C, on the other hand, is used for reporting income and expenses from self-employment or business activities, including activities that are considered to be actively managed.The interpretation of the tax code and the determination of which schedule to use can vary based on individual circumstances and the tax preparer's expertise.Your tax preparer may reference relevant sections of the IRS tax code, such as IRS Publication 527 (Residential Rental Property), IRS Publication 334 (Tax Guide for Small Business), or other applicable publications and regulations.Factors that might influence the decision include the level of involvement in managing the rental property, the intent to generate passive income versus active business income, and the structure of your rental business (e.g., sole proprietorship, partnership, LLC).Ultimately, it's essential to work with a tax advisor or accountant who understands your specific situation, goals, and the nuances of rental property taxation.

I believe they are protected by copyright laws, but you can at least get a feel for how others have done it.Permitting is public record in this area.

By trialing these softwares for a given region before committing to one you can make a direct comparison on data quality.If you are just starting out, then I'd recommend to go free first and extract leads directly from public and/or county websites.

https://www.irs.gov/publications/p527/ch03.html#en_US_2015_publink1000219118Skip down to the section "Limits on Rental Losses".

We also pull tax information and public records data to help estimate things on the expense side.I personally have 25 listings and recommend that folk do as you say and learn the nuances and intimacies for specific properties in specific markets.

I just hope that they will continue to keep up the great work and also experience more success down the road.Hi Chok,Thanks for being so kind with your review of Ohio Cashflow.You're a true gentleman even tho things haven't gone as planned.You have my respect mate (Unlike some other investors that want to reveal dirty laundry in a public forum just to "hold us hostage" per se.

Plus a lot of general public started doing that which is the signal for the end... kinda like a good night club going down hill.Moreover, the tax implications for vacation home rentals vary based on how often the property is rented out and used personally.

I may not have enough to win a court case but I have emails of him needing certain documents like the BK balance and loan number which I found before it was too late and saved the deal because I knew it was public record Quote from @Marcus Auerbach: This sounds like a real dumpster fire.

The program received over 1,000 applications, but later publications were critical of the program, citing too many limitations for property owners AND hefty construction costs associated with the conversions.There are likely 10s, if not 100s, of thousands of properties in NYC and surrounding suburbs with ADUs, and most are not filed with the building departments.