Which many real estate experts claim is the best time for investors to buy and hold onto until the market rebounds.With the Panama Canal reporting record income and numerous infrastructure projects in the works (like a 2nd Metro Subway line in Panama City) along with highways and the main airport expansion; the market should rebound in a year or two.

My issue with SB 721 is that interpretations of the law vary from individual to individual.

Another thing to keep in mind is that a structure is usually specific to an individuals own set of facts and circumstances. 

There are numerous factors at play and your real estate tax professional is best positioned to opine on that.

While there are still some unknowns that I’m working to overcome, I’m confident that with persistence and the right community, I’ll master this craft.I’m here to connect with like-minded individuals, share experiences, and learn from others who have walked this path before me.

Could you please confirm if my understanding is correct:Since my PM company provides detailed monthly statements, I don't need to log each of those individual transactions in QBO.

@Katrina Dividina  you are experienced so hopefully this is just forum-splaining :) just make sure the zoning allows it...sober living is usually addressed individually in the code and has its own hoops.Banks are charging 7.9% now and probably up so I would want a deal on the rate from the owner--where is he going to get 8%??

I can't count how many times lenders try to assign a percentage of ownership to a Trustee when numerous attorneys have explained to them that it doesn't work that way, etc...

There were numerous reasons including I was cocky (I expected with my level of rehab experience I would never bust budget substantially).  

Individually both buildings are worth well more than their purchase and investment price, and together they are even more valuable.