Homes built before 1978 often contain lead-based paint, which poses serious health risks, particularly to children and pregnant women.

We found evidence of mental health and familial issues, all sorts of debt, IRS issues, and even YouTube videos showing a life in disarray. 

For example, in 2024, as a single individual, you make less than $146,000 MAGI, you can make a full contribution to the Roth, $230,000 if married filing a joint return.

And half of American renter households spend at least 30% of their income on housing, which is up sharply since 2000, according to Harvard University’s Joint Center for Housing Studies.

If you are all going to be active in the business, then you can probably structure as a joint venture.

Good morning, my wife and I have been running  transitional homes for men and women 18+ who struggle with chemical/mental health issues going on roughly 5 years. 

However, this is a difficult qualification to meet, especially if you have a full-time job outside of real estate.Don’t worry if you aren’t able to qualify for REPS status, because there is another strategy that is referred to as a “loophole”, which is the STR strategy.Per Section 1.469-1T(e)(3)(ii)(A): there are six exceptions where your rental property income is not automatically considered to be “rental activity” and thus may unlock the door for being able to offset these losses against your active income.The average customer use is seven days or less.The average customer use is 30 days or less and significant personal services were provided (for example, daily housekeeping).Extraordinary personal services are provided, regardless of the duration of customer use.The rental is incidental to a non-rental activity.The property is available during defined business hours for non-exclusive use by various customers.The property is used in an activity conducted by an S Corporation, partnership or joint venture in which the taxpayer holds an interest.If your property qualifies by meeting one of the exceptions above, the next step is to demonstrate material participation in the rental activity.

The EPA has published new lead paint standards. https://www.healthday.com/health-news/environmental-health/e...All five of my rentals were built well before the end of the lead paint era.

I’m also a big enthusiast for health and wellness, always striving to improve myself and learn more.If anyone in the Houston market would like to connect or has any advice for someone just starting out, I’d love to hear from you!

We have a lot of single mothers who are nurses/senior health aids/hospital aids/more who have proven to the be the best tenants by far.