Note this: If your modified adjusted gross income is $150,000 or more ($75,000 or more if you’re married filing separately), you generally can’t use the special allowance.

Negotiation means to adjust our goals so we can get the same results.

We were ready to pull the trigger, and after bringing my wife fully up to speed on why I thought Ohio Cashflow were the team to go with, pull the trigger we did.

If you have a single member LLC that changes to a multi-member LLC, you may have a 754 adjustment for the increase in basis of the partnership assets.I.E.

After this adjustment, the expenses are still greater than the rental income (it's producing a loss).What I'm unclear on is if I can apply the loss as a Passive Activity Loss deduction against my W-2 income (I'm under the MAGI limit).

Multifamily rentals help add the extra protection against vacancy and they typically always debt service themselves.You can also focus on amenity style homes or locations to increase your STR ROI and focus on either turn key or TLC properties to speed up the ARV potential.

If we have the risk-adjusted returns, we can take more of the up side by doing a 50/50 split after pref.  

Good location, appreciation not guaranteed for the next several years.  895k asking price. 101k gross annual incomeExpenses: Insurance: $4,898Electric: 2,579Water/Sewer 5,085Fire Alarm Connection 708Property Taxes (if/when assessment is adjusted to sale price)-31,95130 Yr mortgage (20% down at 7.75%) 61,560Maintenance, Long-Term Capx, vacancy- 9,000 (this is probably a bit low)Total annual expenses: $115,781

Can you make a lump sum payment to the bank for the escrow shortage and then have the payment adjusted to account for the higher taxes, but not covering the additional escrow?

IMO, flipping is all about speed.....