@Stanley Gray I have a feeling this a question best left to a very experienced tax professional, but I am curious to see the responses :) Hope you are able to get this worked out.

Usually white, with gray veins. 

@Anthony Thompson I won't be able to make next week, but am hoping to attend the June meeting.

It's such a gray area and I want to do the right thing

At best I would describe doing Airbnb in Los Angeles as a "Gray Area" since transient occupancy may be non-permitted for the zone you live in, but there is practically no enforcement of this code so there is little to fear if you keep your Airbnb activity under control. 

Since we are mid-progress, still have a lot to go including: Drywall (half the house needs it), painting throughout (neutral light gray tones), kitchen put back together, recessed lights installed (all LED), floors re-sanded and stained (original red oak on 1st & 2nd floor), etc etc. 

Hello,After listening to last week's podcast with Paul Thompson #283, I am eager to bite the bullet and hire a VA. 

An unreported leak under a sink, while unfortunate, is a very gray area as to whether it is their fault or not.   

Thoughts @Albert Bui or @Chris MasonFrom a residential lendin stand point properties only do not count if your name on the title and the mortgage note are in another entity and mortgage note does not show a personal guarantee.There are different takes to this because the underwriters still see 18 properties on your schedule E and this a gray and this is where the art and science of being a lender, investor, come together.The underwriters in 99% of cases don’t get that LLC’s can be taxed in multiple ways and your lender will have to explain that to them (sole prop, Corp, partnership, etc).When an underwriter sees properties on a schedule E they assume you own it personally because they are used to seeing borrowers who own properties in their own names on that schedule so they assume the same.One solution ive seen used and discussed with multiple accountants and attorneys is to file your LLC as a partnership (form 1065) and have one of your other entities own 1% of your llc while you own the other 99%. 

Repainting the exterior with these SW Repose gray (siding), SW snowbound white(trims) and SW rave red(door) but anyone with experience has some suggestions on whether to use 1 color on siding or paint horizontal and vertical siding with 2 different colors?