We couldn’t agree more.Listening and Being IntentionalOne of the key takeaways from the article is the idea that business development isn’t a one-size-fits-all strategy.

The business: Short-term rental on two houses (One is turn-key, the other needs a little improvement then can be rented out).

Key is kept in separate lock box, code only shared once red tape is completed. my golf cart does not have to be registered and titled but is allowed on neighborhood streets, so it's not treated as a street legal motor vehicle.  

.🔹 Step 1: Secure the HouseBefore anything else, slap a lockbox on the door and get some keys made.

The key has been our credit score and finding a loan officer who will include the rent as income.

Without the basic education, financing, and key relationships REI is risky. 

The key requirement for a 1031 exchange is that the taxpaying entity must remain the same.

Here are key steps for effective screening:Application Form: Require the new tenant to fill out a detailed rental application to collect essential information, including employment history, references, and prior landlords.Credit Check: Perform a credit check to assess financial reliability, past payment behavior, and overall financial responsibility.Judgments & Liens: Ensure judgments and liens are included within your report; they are no longer on credit reports.Background Check: Conduct a criminal background check to identify any potential issues that could affect their suitability as a tenant.Income Verification: Confirm that the potential tenant has a stable income and meets your required income-to-rent ratio.By thoroughly screening the potential new tenant, you'll ensure that they are a good fit and reduce risks associated with lease transfers.

If you own a business, now is the time to get ahead of key deadlines to avoid IRS penalties and maximize deductions.📅 March 2025 Tax Deadlines:✔️ March 17 – S-Corp (1120-S) & Partnership (1065) tax returns due (if not filing an extension).✔️ March 21 – BOI (Beneficial Ownership Information) Reporting Deadline – New requirement for many businesses.✔️ March 31 – Final deadline to correct & e-file 1099 forms before penalties increase.💰 Tax Deductions Business Owners Shouldn’t Overlook:🏠 Home Office Deduction – If you use a part of your home exclusively and regularly for business, you can deduct a portion of rent, mortgage, utilities, and internet.

For those of you facing similar choices, what key factors influence your decision to hold, adjust, or even divest from properties here?