If you provide any kind of substantial services like catering, car service, etc you will change you tax situation and no longer can file under Schedule E.

JobsOhio projects that, indirectly, approximately 4,500 additional jobs will be created by 2035, further amplifying this effect.Implications for Real Estate DemandThe substantial increase in the workforce will drive demand for both rental and owner-occupied housing.

Keep records of the payment timing to substantiate your reporting if needed.This post does not create a CPA-Client relationship.

For existing properties, you must make substantial improvements (equal to the property’s value, excluding land) within 30 months.Ensure the duplex qualifies as an OZ investment and complies with QOF rules.

I can't wrap my head around your ideas, but I would really love for you to educate me on your thought process.

If I leave this amount in Sch-E, I get taxed at ordinary income tax rate at Federal and State level, which along with my regular W2 income can be substantial.

Being a normal person and giving someone a heads up has not bit me, yet.In addition to what the law requires, I always shoot the tenant a heads up either via text, call, or email.If they are mostly responding to email, then shoot them an email.Emojis and gifs work wonders in today's day in age.

Gentrification opportunities, As gentrification continues in certain parts of the city, early investors in these up-and-coming areas may see substantial returns on their investments.I would love to know what people think about investing in the Philadelphia area and if you are an investor, i'd love to connect to hear your thoughts and experiences.

Sellers may struggle to mentally shift from "owner" to "tenant," which can create challenges with boundaries and property care.Security Deposit:If you’re doing a temporary leaseback, be sure to collect a substantial security deposit to cover potential damages and ensure they vacate on time.

its highly risky for most mom and pops to sell on sub to.. and its simply not a way for those without substantial wherewithal to buy property and keep the seller safe..