I'm looking for advice on a situation with an investment property my business partner and I purchased in June 2024 under our joint LLC in Springfield, OR.

However, I am still very hands-on for my management business, typically logging 80 hours a week between my two jobs.

You are complaining after four months of trying in a brand new business that you didn't know anything about?

I have heard good things about Ohio, Indiana, etc.5 - Due to high interest rates flipping has become highly risky and most businesses have dried up.6 - Co-living and Assisted living seems to be popular right now.So - really depends on your market, your strategy, and your timeline.

If you are going to self manage you will need to build business systems and get a list of reliable vendors.  

Hi Angus, A cash-out refinance is typically not considered a taxable event for businesses since the borrowed funds are regarded as liabilities owed to the lender.

Get busy making money.  

I would tend to agree with the other CPAs typically.The 500-hour test is one of seven material participation tests used by the IRS to determine if a taxpayer is actively involved in a trade, business, or rental activity. 

Property management....it just make business sense as a leverage point for efficiency of your time. 

I took two business law courses in college.