A couple months later finally starting to feel better.That's when I called in a professional mold remediator.

Along with a kiddy-pool sized litterbox in one corner of a room, cat urine and feces in the OTHER corner of the room on the carpet (newly installed by the seller when I bought), and a smell that made my eyes water walking in the front door.The lease has a clause for Tenant-Caused Damages resulting from tenant negligence.

Multifamily is considered residential since people reside in the structure. it's part of contractors license law, our testing is on it and violating can and will result in punitive actions.

If what you are aiming for is a BRRRR to acquire and rehab properties into cash-flowing rentals, you may with to try to feel less personally attached to the result. 5.

The world of real estate has changed.The result of the lawsuits is that a REALTOR® is now required to have an exclusive buyer's agreement before stepping into/onto any property on a potential buyer's behalf.

The home office deduction cannot increase your passive losses:You can only deduct home office expenses up to your net rental incomeIf your rentals are already showing a loss, the home office deduction won't helpExcess deductions carry forward to future yearsMust apply §280A limitations first, then passive loss rulesExample: 🔢Rental Income: $24,000Regular Rental Expenses: -$20,000Net Before Home Office: $4,000Home Office Expenses: $3,000 [using allocations, not the Simplified Method]Result: Can deduct full home officeCounter Example: 🔢Rental Income: $24,000Regular Rental Expenses: -$26,000Net Before Home Office: -$2,000 (Loss)Home Office Expenses: $3,000Result: No home office deduction this year (carries forward)Reality Check: 🤔Let's be honest - while technically you need to:Calculate net rental incomeApply §280A limitations [Consult your CPA on this!]

I finally settled on "Mom and Pop Residential" and "Mom and Pop Commercial." 

Google provides an AI summary of search results that is usually good enough for a general question, but I would never give any AI a detailed tax scenario and just run with whatever answer it gave me.

i live in the suburbs of Baltimore and for the past 5 years I've wanted to house hack a multi-family building and I finally have the down payment needed today.I've been looking in Baltimore County and City for these opportunities but a mixed use building just came on my radar. 

The best deals I find are usually the result of an agent’s lack of familiarity with the area or a very poor listing presentation.