However, our goal is to help 100k investors obtain financial freedom - hence the reasons why we provide many videos, podcasts, programs, and services to help with this journey.Unfortunately, we cannot promise that every deal we help you get under contract will close.

We are not real estate professionals.1) How would you handle the classification of the property in the 2023 tax year and would you utilize a STR depreciation strategy?

With some changes to the management structure and leadership, I believe we can significantly increase the revenue potential while providing a positive impact.

Can provide all the benefits from a cash flow and tax perspective.

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

I will not comment as to the tax laws and underlying rules - that is a discussion you can have with your tax advisor who presumably you are paying to help you.What I will do is provide practical and business guidance on tracking time.Firstly, there are apps available that can assist with time tracking where you can specifically detail your time, who you met with, etc.

This way, your current rental stays a cash-flowing asset while providing leverage to grow your portfolio.

Everything was progressing smoothly until I met the appraiser to provide access to the property.Right away, I sensed something was off.

I will provide an update when I hear back or have substantial resolution to my issues.

Feel free to share any specific questions or scenarios you’re working on—I’m sure the community here would be happy to provide insights.