In a way, depreciation creates a disconnect between the tax code and the economic reality of real estate.Some argue that depreciation accounts for wear and tear.

Check out FilePlace, where user-created forms are available for free.

Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.

The 2 friends did not want to create an LLC with all 3 partners prior to purchasing because they wanted to use proceeds from a 1031 exchange.

Transferring a 1031 exchange property into an LLC shortly after purchase typically won’t trigger immediate tax consequences for your wife if the LLC is a disregarded entity, as you file jointly.This post does not create a CPA-Client relationship.

I wondered the same thing, would be better off creating a WhatsApp group  

You could create one… we did.

Alternatively, using part of those funds to pay your current mortgage might help create additional borrowing room.

Further, may be difficult to compel the tenant to comply with your wishes if you are currently in a MTM situation with them. 

Making millions a year and often paying $0 in taxes.Short Term Rentals supercharge this:RE pros use cost segregation and bonus depreciation combined with leverage to create massive losses with minimal cash.Combined with 1031s and snowballing, you create a business that never pays tax.