In Texas, there’s no state income tax on rental income, but LLCs have formation and annual fees.This post does not create a CPA-Client relationship.

You’ll learn how to:✅ Work with different investors and operators✅ Understand the dynamics of real estate partnerships✅ Build relationships that lead to future deals🚀 Lesson: Every good deal is a networking opportunity.4.

Question... how do you see yourself in relationship to the financial management of your rental business? 

With regard to my parents, I want a good relationship with them so they can build my credit history.

My wheelehouse is long term management of investment properties, but I do have a good relationship with a loca Chattanooga broker who helps investors in the area.

My goals for joining is to meet people, build relationships and hopefully get my own thing going!

Sure, because when you take rent payments out of the equation you can focus on the tenant landlord relationship and providing the best experience for the tenant.All the best!

My biz partner and I 100% believe community and building authentic relationships in the real estate space is so important for growth.

However, Form 3115 is still the best way to claim past depreciation in full.This post does not create a CPA-Client relationship.

Both partners should consult a CPA to evaluate potential savings and optimize their tax strategy.This post does not create a CPA-Client relationship.