. :-) Haha, yes I am on the developer side of thingsSo my perspective may be different than others

From a lender's perspective, separating personal and business credit is critical for scaling operations while mitigating personal financial risks.

I also look at it from the perspective of I now have extra cashflow to remove dangerous trees or do preventative maintenance to systems that have higher likely hood of causing damage.For the management I self manage for now so that fee just goes to me.

Resources / perspectives for ADUs in SLC are more than welcomethank you so much !

@Bao Vu From a bookkeeper's perspective, here's how this should be reflected:Tax Basis for the Flip:For tax purposes, the purchase price of the property you flipped (bought in 2023, sold in 2024) will count as part of your cost basis.

I'm coming on the forum to get some perspective and insight.

First thing I want to say is, I'm sorry that you have this perspective.

The gray home to the left is on the market for $550k, to put things in perspective (it’s a 4 bed / 3 bath, 2000 sq/ft, with modest finishes).North NashvilleThis place was a little bit of a disaster zone, which is why I love it 🤠.

This credit amounts to $1,666 per month, with the monthly rent set at $3,300.From an accounting perspective, should the $1,666 per month be treated as a liability (deferred credit) and excluded from income, or should it be recognized as income and then applied as a credit at closing?

I’m eager to connect with fellow investors, agents, and local market experts who can offer insights and share experiences.I’m excited about building relationships within this community and would love to learn more about your perspectives on the market.