If it wasn’t the insurance it would have been the property taxes.

Finally, even as the landlords cash flow increases, depreciation should keep a major portion tax deferred. 

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

That said, there are specific contractors who like working with investors since they can avoid the hassle of working on occupied homes.

We all do the same thing, we just call ourselves different names and carry similar but different licenses:- CPA - Certified Public Accountant- EA - Enrolled Agent - Accountant - Tax advisor - Tax strategist- Tax consultant - Tax plannerIt all means basically the same.

Hey @Alec Dressler, so this is something I would probably avoid.

As a general rule, I tend to vote against anything that favors rent control and will increase property taxes.

He is very good about deductions on tax returns so his income looks negligible and of course banks wont talk to him about loans.

To navigate the nuance in the laws properly for compliance and to accurately structure our LLC, I am looking to consult with an attorney who knows immigration + business + tax laws. 

Taxes and insurance will be another $400+.