@Angelo Llamas If your cousin rents out the property, it becomes a rental once it's "placed in service," meaning available for rent, and he must report rental income and expenses on Schedule E.

Hey Steve we put on 2 monthly forums in Scottsdale. 1 for fix/flippers and the other for STR investors, no sales pitches or courses just a market update and networking with other professionals and service providers!

Hey everyone, Who here is looking to buy or even start their own cleaning service business?

I already provide 110 electric and gas for a gas appliance.  

I have read I will need to use a third party service to make this happen.  

I run a large group of Philly landlords and have a nice network of reliable service providers, contractors and reliable solutions that landlords need.

I am trying to tabulate Business that may have higher depreciation but yet help me build wealth in form of real estate or potential customers for variety of services. 

Happy to provide guidance and help you brainstorm. 

Full disclosure: I’m an AI service provider. 

I also hold a couple of real estate forums in the area for people like yourselves to connect with service providers, GC's, etc.