Recently came across a lake house which we would like to rent out for weddings and event venues.

I put on Events when I'm doing a meetup.

Many of the people that come are members of Lifestyles Unlimited so they sometimes talk about upcoming events for members only, but the meeting is open to everyone and they share some excellent information. 

Go to GET STARTED > EVENTS AND MEETUPS at the top of your screen.

If your new LLC is a disregarded entity (single-member or owned solely by you and your spouse in a community property state), it won’t trigger a taxable event, and you’ll continue reporting income on your personal return.

Our tenant would have a key and could assist people in through that entrance if needed.We closed, and at closing the developer signed a contract to install a door and escrowed $20,000 in the event they did not end up doing it. 

The information provided is based on my experience and industry knowledge but should not be considered legal, tax, or financial advice.

You will at the very least be in an excellent area for growth in just about every industry you can imagine. 

The second seller gets payments on a new note worth $1.35 million.You the buyer received the taxable income event from the sale of the first property.

@Albert Gallucci as many have pointed out, in the commercial space of 100+ apartment buildings and offices, property classes have some pretty decent industry standards.We started applying these to 1-4 unit properties around 10 years ago, which you can verify on our blogs, because we saw too many newbie investors not properly taking into account things like, neighborhood status, tenant pool, property condition, etc.Unfortunately, there's no industry standard for this, but you can use some basic logic to think your way through your own Classifications.