This means no rental income or loss is reported for the current year, and the $3,000 can offset future rental income or gains.This post does not create a CPA-Client relationship.

I am a big advocate of home ownership, but in the situation you are describing (not knowing how soon you would leave), it might not make the most sense to buy a condo with restrictions or potential assessments in the future.

You might also consider talking to the tenant about shifting the rent due date to the first of the month to avoid future confusion and align with typical forward-paying leases.

If the numbers work, it’s worth considering as a step toward your future home!

If you're looking to invest in Jerome Village, definitely factor this future charge into your cash flow calculations and maybe have your CPA take a look at the exact language in the Declaration. 

I'm not seeing rates going much lower than 5% in the near future.

You’re on vacation :)” This change was made about six months ago, and it became one of the most frequently mentioned positives in our reviews.Well-Stocked Kitchens: In my opinion, this is hands-down the most underrated amenity in our industry.

Once i have the network established, I might consider STR in future.

That depends on how many units are in your MF, what your longer term goals are and what kind of lifestyle you want.If there are a lot of units or you plan to have a lot of units in the future then invest in setting up good systems now.

Just a heads up for future reference.