Accurate records of all expenditures are essential to claim deductions and calculate the cost basis for future capital gains taxes, including depreciation recapture.This post does not create a CPA-Client relationship.

You would essentially be working 50-60 hour weeks when combining with your full-time job and the real estate to qualify.If you have a detailed and accurate hours log, it is possible but just note that it may raise scrutiny by the IRS.

Essentially, it was one account with the bank tracking individual tenant details on your behalf.That said, it’s critical to ensure your financial records remain accurate by reconciling the account on a monthly basis.

I’ve been offering a $100 referral fee for existing tenants who refer a new tenant to any of my properties. New tenant must go through complete vetting, sign the lease, pay security deposit and rent, and move in, prio...

People mentioned master lease so are they essentially arbitraging the unit?

I would confirm this with someone a little more well versed in NYC or give them a call to see if they can answer your questions.

In 2015, my sister had a business which was essentially her livelihood.

But essentially Apple is injecting a TON of revenue into the local economy which attracts investors AND people wanting to move to the area.

This is ideal for those taking their first steps in Spain or needing to establish a presence without having a physical office.If the goal is to link an SL with a holding or manage dividends, then yes, it’s essential to ensure the legal structure is well-defined and compliant with the relevant regulations.

I think you're in a great spot and are asking the right questions.