By creating a process, you can prevent these issues from taking place and save yourself a lot of time, trouble, and money.

A partner and I created a new LLC (51/49) in which two other LLC's have interest in.

If you're interested in seeing how that all breaks down from an income and expense standpoint, I created this Sankey diagram to share with you:As for me, I'm planning to leave my w-2 job and take a little career break before deciding what's next for me. 

Failure to meet material participation rules will limit rental losses to offsetting passive income or carrying forward.This post does not create a CPA-Client relationship.

Real estate is an excellent avenue to help you achieve those goals, especially since it can create both passive income and long-term wealth.

It requires using a home automation platform (I use hubitat), creating an API, and creating some rules within the automation platform. 

Remember you are exempt from excise franchise tax if you file an exempt form.This post does not create a CPA-Client relationship.

Consider an installment sale if financing is an issue.This post does not create a CPA-Client relationship.

Transitioning from Individual Deals to a Scalable ModelScaling up your distressed property portfolio means more than just increasing the number of deals; it’s about creating effective, repeatable systems that minimize risks while maximizing returns.

If you have appreciation, you will create enough equity over 30 years to reset the clock on all your capex items.