I would not worry about the tax consequence of that small amount of money but as we have suggested take this matter to a real estate attorney or professional and licensed tax consultant so you know where you stand and what your legal options are for optimizing your situation. 

It may be easier to rent out the space and collect a rent check, but I would like to optimize my return and increase my property value as much as possible. 

The point is that too many real estate blogs and forums say “never put real estate in an s corp”, but in reality there are plenty of reasons why you would want to use an s corp for optimal asset protection and tax strategy. 

Reminder- I am hosting a Free REI Event tomorrow night.Weekly REI Workshop - Optimizing Your Investing PlanFree Pizza & WineThe # 1 reason Real Estate Investors Fail is a lack of planning, preparation and process focus.Set up a successful, optimized, repeatable investment plan based on your individual goals.

The cost to separate utilities by ripping out the steam system and replacing it with anything was so prohibitive it made way more sense to optimize this system and put my money into renovations.

.- SEO might seem like a slower approach than targeted ads, but the best part about SEO is that after you've got an established website and become a local authority, you've got a well-oiled machine that should help provide leads whenever someone searches the keywords you've optimized for.- I recommend outsourcing SEO to people in the same time-zone (communication is very difficult/slow when outsourcing to countries that are waking up as you go to sleep) as you and to those who can speak the language you're going to want to optimize your website for fluently.Feel free to ask any specific questions and I'll be glad to answer!

@Cordell Hinton-Brown Keep it a educational website that is completely optimized for your entire market.

In addition to optimal number of bedrooms, there is an optimal square footage for a rental house.Houses that are too large - 2,200 square feet and up, have issues. 

We are —The Optimal Financial Group. 1 (832) 510-5883 if you’d like to chat this week.

The IRS always wants to enforce the rules selectively and to interpret them in a manner that is optimal for them.