Ensuring that you meet all criteria for substantial services and properly reporting on Schedule C can be complex.

Also pretty certain you have to have the proper licensing in most area to do this kind of lease structure legally...

HI All,I Was wondering about a prospective tenant that has a Tax ID number, what is the proper way to go about it?

So how do we achieve this with our busy life styles???

Whether you should house hack a duplex or a single-family home depends on various factors, including your financial goals, lifestyle preferences, and market conditions.

You can also ask your agent for a CMA, if they know how to run proper comps

I actually had my insurance agent get me a quote before I even called my real estate agent to setup looking at it.All this said, do your market research and you will find a great cashflowing properties if managed properly.

This applies to current year tax deductions, and you can also employ a “look back” cost seg study where you can retroactively reclaim any missed deductions from previous tax years.By filing a form 3115 and calculating the proper 481(a) adjustment, you can recapture and correct any erroneous depreciation in prior years and claim the difference in the current tax year as a lump sum.

I just want you to have proper expectations.

Were they properly screened?