Renting to a family can lead to disputes, so a formal lease is essential for professionalism.

My investments were all what they termed private placement and was essentially funds used for lending, buying notes and recently land trust.After MIdland sprun this on us, my spouse also has accounts, I did some research but didn't see a purpose to remove our accounts at the time.I have not been with ET long enough to give comment on them and what little "issues" occured were technical.

@Andrew Drasch As an entrepreneurial CPA, I believe that mastering your craft is essential, and that investing money strategically leads to greater financial success.

To maximize success, it’s essential to focus on standout design and thoughtful decor that really sets your property apart.

Essentially anywhere other than Hartford or Waterbury.

Essentially looking at the bottom line and then you can add back a few of those things like depreciation. 

@Shyam Sridharan if I understand correctly this is essentially the interior buildout of a new construction retail space?

If a cost segregation study was performed, the accelerated depreciation may further reduce the property’s basis, potentially increasing taxable capital gains when sold.Depreciation recapture will occur when you sell the personal residence, so it’s essential to keep detailed records of all depreciation claimed while the property was used as a rental to ensure accurate tax reporting at that time.This post does not create a CPA-Client relationship.

Essentially it comes down to how much time and effort you're willing to spend building the model.

A smart lock and smart thermostat are also essential for managing remotely.