Understanding the IRS disaster relief provisions is crucial for residents seeking financial recovery.Under IRS guidelines, individuals and businesses in areas designated as federally declared disaster zones by FEMA may qualify for special tax relief.

If they work independently, set their schedule, and use their resources, they might qualify as a 1099 contractor, but misclassification risks IRS penalties.Wages for W-2 employees and payments to 1099 contractors are both deductible business expenses, but compliance is key.This post does not create a CPA-Client relationship.

I used to do BRRRR strategy here but now only do flips and help with others' house hacking or flipping.I had to move my BRRRR strategy side of the business to Tyler Texas.Are you still investing locally or only out of state?

Seems like a pretty straightforward way to do business.

No one's perfect and honest mistakes happen and a PMC often needs guidance as to what level an owners wants to maintain their property.Wasn't trying to solicit your business,so I'll respond via DM about the rest of your questions:)

People move, people get busy, people have remorse, people get new SPOUSES, and very very rare is the X that is 100% cooperative and willing to sign anything that gets put in front of them. 

I'm originally from BR and am fairly active there. we see a lot of inventory so also happy to chat offline about this

Thank you Each state’s laws vary, but many/most will require a foreign corporate entity to register in that state before it can do business, and holding property title is a business.

Due to increased rates i did not refi so i did not get opportunity to see how an appraiser valued the half bathroom but the comps with same bathroom count had crazy valuation for the additional half bathroom.Taking under utilized space like a work area to add a br where the added br does not put you above the normal for the area can add value.Similar if a neighborhood is virtually all 3 br and 4 br properties and you find a 2 BR, it could be a value add to add the bedroom via new construction.  

Have you considered buying a business in the trades?