Closing tomorrow on a duplex e 128th, nobody knows about.

Here is the rule from the IRS regarding length of stay for short term rentals:As defined by Treasury Regulation Sec. 1.469-1T(e)(3)(ii)(A)The average period of customer use is 7 days or lessThe average period of customer use is 30 days or less.

:)4935 E 109th St, Garfield Heights, OH 44125

Point Breeze,..) from Passyunk Sq/E.

Prior to this, Matt and I were senior leadersof Profound Commerce, an e-commerce aggregator founded by Matt in 2018.

Quote from @Scott E.: Quote from @Carlos Ptriawan: totally agree, key point is don't lose money by not having complete understanding of future risk.we're in the great collapse of CRE market and LP is destroyed because the passive investor is the dumb money, time is important but not to lose money is incredibly even more important , the total collapse in many commercial real estate sector is way beyond 2008 as it seems.Carlos, where are you seeing that "we're in the great collapse of the CRE market" ?

from=srp-map-listTriplex(2) 1 Bed 1 Bath(1) 2 Bed 1 BathLot                                                                                 Size 5,800                                                                                                   SqftBuilt 1920  Listed @ $299,000Nearer to subject property These properties are also rehabs and not new construction.             1654 Cameron St, 38106                                                  https://www.redfin.com/TN/Memphis/1654-Cameron-St-38106/home/87657066#property-details1 bed 1 Bath                                                                                                                      Built 1922                                                                                                                                Lot Size 7405 Sold @ $138,0001660 Shadowlawn Blvd, 38106https://www.redfin.com/TN/Memphis/1660-Shadowlawn-Blvd-38106/home/876570264 Bed 2 Bath  1454 Sqft Built 1941                                                                                             Lot Size 7250    Sold @ $133,000661 E Trigg Ave, 38106https://www.redfin.com/TN/Memphis/661-E-Trigg-Ave-38106/home/60783819#property-details3 Bed 2 Bath   1000 Sqft                                                                                                          Built 2002    Lot Size 6,534   Sold @ 110,000Rentals 735 Roanoke Ave, 38106https://www.redfin.com/TN/Memphis/735-Roanoke-Ave-38106/home/60745881#property-details                                                                                      3 Bed 2 Bath    1000-1199 Sqft   Built 1923   Lot Size 6,534                                                      Sold @100,000                                                                                                                  Rented $1350/month till April 20241549 Patton St, 38106https://www.redfin.com/TN/Memphis/1549-Patton-St-38106/home/876583193 Bed 2 Baths1000-1199 Sqft   Lot Size 3,049    Built 1953   Sold @ $125,000Rented $1195/month till February 2024It is not as much of a long shot as it sounds.

The reason the 1% ownership is being suggested, is that this would change the tax treatment from being reported on schedule E as a disregarded entity, to being reported on Form 1065 as rental income reported from form 8825, and then this would passthrough to the individual taxpayer on form k-1. 

Quote from @Fareen E.: Quote from @Theresa Harris: Let her rent it back at market value-why are you giving her a discount-did you get a better price when you bought it on the condition she could rent it below market value for a while?

Could there be an existential threat in multifamily like Office had with Covid or Retail had with the rise e-commerce?