I plan to negotiate the rent and I want to present my proposal to show how I’ll manage the property responsibly.

However, you can claim a tax credit on your California return for taxes paid to Oregon, mitigating double taxation.If you only plan to own this one property, consider using umbrella insurance as an alternative to an LLC.

Scott Bessent has officially taken the reins as the 79th Treasury Secretary, and his plans are already making waves.

Even if the rental has a decent cash flow with additional flood insurance, we're still not sure we want to take on that risk as we are out-of-state investors (planning to move back to KY in the future, but not now) and we don't like that it will potentially bring down the perceived value when we try to sell it in the future.The seller has never lived there and has not provided any information on if it has flooded before or not. 

With things like the ONE Linden plan in Linden, which is a 50M plan to improve the neighborhood.

Quote from @Nathan Nathan: Hi, I am planning to create LLCs in Wyoming , Michigan and Georgia.

Day traders are not exempt unless they elect mark-to-market (MTM) accounting, which eliminates wash sale tracking but taxes gains as ordinary income.To manage taxes, track trades closely, avoid overlapping purchases, or consider MTM election if trading actively.

My plan is to mainly focus on cash flowing properties that make the 2% rule. 

.🚨 Common issues I see:❌ Not properly tracking repairs vs. capital improvements❌ Missing out on cost segregation & depreciation write-offs❌ Scrambling at tax time instead of planning proactivelyI’d love to hear from the group—what’s been your biggest tax headache as an investor?

If you plan to buy in your hometown, buy a 2-4 unit, and live in one of the units.