Passive Pockets, Meta (FB/IG) ads, local meetups are good places to find groups.2.

Hi thereAccording to IRS guidelines, once a property is ready and available for rent, meaning after you completed the renovations. you would  be able to deduct expenses. snce this was your main home,  the tax accountant you will use will need to do a conversion from personal residence to a rental for depreciation purposes. the improvement you made, depending on what they are, may be added to your basishope this helps

@Blaise Bevilacqua - I agree with the added expense items that others have called out including vacancy, repairs/maintenance, capex, unit turns, and low insurance.

Quote from @Tanner Pile:  @Eli EdwardsJust like Tanner said, a quitclaim/promissory note must be added to the property.

We had our wedding in the back yd, grew the family and added onto the house making it roughly 1600 sf 3 bed 2 bath.

I hope I added a little more clarity, I know that even in this post I am going back and forth.Thank you.

The lot next door was added to the subdivision around 2000 and goes by completely different rules. 

I've done this on one house in order to cut costs - since then, I've added a meter with the utility company but it's a good workaround for the short term. 

Adding the real estate investment and management concentration could definitely be worth it if it gives you solid knowledge and good networking opportunities.

I'm considering adding this product for my short-term rental (STR) as well, but I plan to go directly to Waivo since I've already had a consultation with them.