It would be similar to a charitable gift.In a conservation easement, a real estate investor “donates” development rights on a piece of property to a qualified charity, public agency, or land conservatory.In return for the donation, they get a tax deduction as if they gave cash to a charity.Let's dive into the basics.Let's say you buy a 20-acre piece of real estate that includes a 5-acre self-storage facility.

An attorney can create an operating agreement for you and give you ideas on what to include in your operating agreement.Loans will probably be personally guaranteed, so it doesn't matter if it's in an LLC.

As a side note, I would look to see what is included in the application.

We purchased our property for $412k, are in a high W2 tax bracket, and intend to keep the house long term.In terms of timing, we included expenses for the home in our 2023 taxes but hadn't started renting it yet.

Never been through a downturn, operators ( myself included) often can't see what's right in front of them before the tide is obvious. c.

I included links in the original post, but maybe that isn't allowed.

(That would not even include payroll for my W2 TC and admin). 

I do realize that doesn't make me a know it all investor as even if I overpaid by 20%+++ in 2014, the REI market would have still treated me kindly.Anyways, I am wondering what your opinions are for getting into REI through Flipping in ATX for 2025 and beyond given the many forces that are at play in ATX including: 1- Interest rate cuts and the expectation that cuts will be a trend in 20252- Even with Interest Rate cuts, will this be enough to get people moving since they may be reluctant to move when they have 3% interest rates on their current home? 

Just make sure to include a buffer (about 10-15%) for unexpected costs, especially if you’re working on an older home.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.