I'm doing a Vendor Audit on the above to hash out the differences and value's.

I personally have my contractor sign a "Independent Contractor Agreement" and I will have it specify the dollar amount of the renovations in the agreement and attach the scope of work to it.

From your post it looks like you didn't have a property  inspection by an independent third party and are going by what they have told you it needs to be a functional rental.7.

I've been an independent broker for 38 years now, and I've always represented myself in real estate transactions - even for out of state transactions where I won't be paid.

You can learn to do this independently or get a rockstar REALTOR to lead the way.

It is done with a simple click by the teller or by a processor later.Each one of those reported transactions makes it more likely the person will be audited by the IRS. 

"Susan Chang, a Los Angeles landlord who also represents a small contingent of independent rental unit owners, told the Globe that this only “continues the nightmare.”

This log will be invaluable in case of an audit.3.Grouping PropertiesWhile I’m not an expert in international tax law, my understanding is that you can group all your properties together for material participation purposes.

If your priority is building wealth sustainably and positioning yourself for long-term financial independence, I’d strongly recommend considering properties like duplexes, triplexes, or even quadplexes.

Apparently they handle all property repairs and maintenance independently and have maintained a perfect payment history, even throughout the pandemic.Lease Option Agreement:Effective Date: November 1, 2022Terms:Purchase Price: $165,000Non-Refundable Down Payment: $10,000Lease Term: 3 years (ends October 31, 2025)Final Payment: $158,000 balance due upon term completionMonthly Payment: $1,150 (no rent credits)I didn't see this to be a deal because if in a the best case scenario my $25000 would walk away with 2400 which is about a 9% ROI.