It also positions you to work more effectively with lenders and partners who want to see a professional financial setup.How are others here organizing their finances?

It was carried out through zoom so it was very convenient- The employee that I had a meeting with was really professional and nice.

Quote from @Tessa Tsui: Seeking advice from out of state landlords.

I'm not a real estate professional in the IRS sense, so if I take money out of my real estate investments as profit, I'm paying ordinary income.

I only rented out 2 out of my 3 rooms because parking ain't the easiest in my hood.5) I rented to professionals (and one PHD student) so that's why I chose the neighborhoods I listed.

Readers should seek professional advice.

We converted a old restaurant on the property to a coworking lounge, redid the pool and built out the roof to a entertainment center with fire pits, lounges, bubble chairs, barbeque, large screen TV, music, yoga mats and amazing views of the ocean and city lights.It is designed for coworking/coliving for business professionals and entrepreneurs who want to...Live where they work.

The property has been in excellent condition since it was built two years ago, and I’ve lived there myself without experiencing any similar issues.The lease is a standard Texas lease, and I’m seeking advice on how to approach this situation fairly.

Travis, forming an LLC is smart for liability protection and creating a professional structure for your investments.

If you had one question for a professional house flipper, what would it be??