Costs of set up of Trust, Costs to attorney to set up note, monthly costs to service the mortgage.Just my guess.My thoughts are if you have reached the level of a trade or business, then yes, these costs would be deductible.

The Alamo City is undergoing a transformation that's set to redefine its landscape and economy.

Looking into the STR market, i would suggest a couple things to include into your property search. 1) the STR market is very saturated here so look for something unique or offer unique amenities to your guests, this will help your property stand out 2) different set of rules for properties located within city limits vs without i.e. outside city limits doesn’t require a permit which the city is cracking down on the amount of STRs on any given street or neighborhood 3) HOA is a big deterrence as a lot of HOAs don’t want any rentals of less than 30 days so an in depth search into covenants and by laws would be doing your due diligence.

Negotiations focused on a win-win approach, securing the property at $197,000, aligning with market value, while setting us up for a profitable resale with a trusted buyer on the same day.

If you set standards and stick with them, you'll catch shenanigans like this.The policy should be that every adult passes your screening, period.

You should get some more estimates, but what you are really trying to do is to find someone who has a license and insurance to do it for the cheapest price and that will set off a chain of events that will never end.It's more likely that you bought the house with a wrong scope of work done because you don't have a GC and thought you could DIY it.

After some research, I'm thinking it would be a good opportunity to proceed with the offer and to set aside the "free" money for use for repairs/renovations and holding costs to have some extra cushion.There seems to be much debate on the use of credit cards in real estate investing, but considering my circumstances .. 1.  

Looked at the product features and saw this:Start your Airbnb search optimization with a set of simple tools.

For VT cabins, I also have family that have been running a million dollar set of log cabins by Killington in Vermont for over a decade.

This is made possible by them setting up a Tenants In Common (TIC) structure.Has anyone done this before?