There are three degrees of separation… the 1040 to the K-1 to the 1065 to the 8825.Downsides include the additional tax return preparation fees and perhaps unnecessary state taxes such as California’s franchise tax and LLC fee which can be summarized as money-grabs or pleasure to do business in our state fees.

Prepare for the worst and hope for the best!

Side note your phone will blow up with all the notifications from Airbnb so be prepared for that. 

Would love to chat.Thanks,Angelo Be prepared, mate.

If you violate this rule, especially in the city, prepare to be sitting at home wondering if your money is being stolen. 

Question 1: Does $4698 for materials and labor to prepare my house for a hot tub seem in line?

And am I prepared to handle that if it does?"

And I’ll let you in on my experience of 40 plus years in real estate, and having personally met many of he older time gurus; take away the slick presentation (prepared by a marketing firm in either Las Vegas, Nevada, or in Provo, Utah), the “glamour” shot appearance makeover, the unsubstantiated resume and personal history, and the buzz words and motivational bs, and what you’re left with is most times a salesman/marketer and NOT someone who has had much if any success investing in real property.   

Therefore, investors must be prepared to hold their Notes to maturity

Are you prepared for that?