The risk of "piercing the veil" applies more to LLCs when personal and business finances are not properly separated, not necessarily to individual landlords renting a portion of their home.A more practical approach is ensuring you have a solid lease agreement, sufficient liability insurance (including an umbrella policy), and properly reporting rental income and deductions on your tax return (Schedule E).

The PM reported the update to me Friday night around 9PM, and we agreed the guests could not stay at the house and the property management company had another property to which they could relocate the guests for their weekend stay.

However, this means you’ll need to comply with the annual filing, franchise tax, and reporting requirements in both states.

Here’s what you need to know about using your cost segregation study:If your CPA says your tax return is already going negative, it means you’re reporting a loss for the year.

Ensure they're providing you with daily or weekly EOD reports with the campaign stats.

Loan Costs, Deposits, and Escrows: Origination fees, application fees, third party reports, legal, insurance review, title & escrow, rate caps (floating rate loans), due diligence deposit, rate lock deposit, standard escrows, etc.6.

You are also seeing the covid bump in that 40%. 

Quote from @Zach Edelman: If you do a DSCR loan and vest it in an entity - you and your partner can both PG the note and it will report to neither of your credit reports, thus having no impact on your DTI! 

We could even, if the story were to be of interest to the community, send a reporter to take notes in the courtroom.So far, we have not had the opportunity to cover such a story.

A recent report from Realtor.com says 20% of Americans don’t think homeownership is achievable.