Originally posted by Dave T: Originally posted by Steven Hamilton II:@Tony Bc , Since you live in Missouri and both you and your wife are members of the LLC, YOU MUST file a partnership return.

Most amounts are too small for the hassle, and again, that becomes litigation, not simply an audit.Creative finance buyers, I do not believe it's a winning argument to the IRS to say that you bought the property, didn't make the payments and you took the write offs anyway.

Not trying to scare you, but a lot of lawsuits happen because the landlord doesn't follow fair housing laws, or simply neglects repairs etc.

. - https://www.investopedia.com/terms/t/tenancy_in_common.asp - https://www.rocketmortgage.com/learn/tenancy-in-common - https://www.allcalifornia.com/tenancy-in-common - https://andysirkin.com/tenancy-in-common-tic/guidance-for-se... - https://www.dre.ca.gov/files/pdf/tic_guidelines.pdfby the way I received a lawyer referral who is supposedly familiar with tic in California.  

It is simply the law.

Simply because, if you'll don't want to be a landlord on a single unit, then you likely want to nothing to do with managing a STR.

I'll settle for a variation of this and give a little, but I simply pass on PMs who hand me a term sheet with 10+ different types of fees.

While I would have built $150,000 in equity, the cash flow simply doesn’t work.Now, let’s compare this to the market conditions when BRRRR was highly promoted (pre-2020).Interest Rate: 4.75%Monthly Payment: $3,057/monthRent: $3,600/monthIn this scenario, I’d be making over $500/month with $23,000 left in the deal, resulting in a gross 26% cash-on-cash return—an excellent deal.As you can see, rates and prices play a critical role in the viability of the BRRRR strategy.

If you have questions or simply would like to brainstorm ideas about cohosting, MTRs, or real estate investing from a regulatory standpoint, feel to reach out!

With these deals you have to risk some capital and thats where I find the average investor especially here on BP that is very much rental ( IE has to cash flow day one ) simply will not entertain these deals.. you also have to be willing to walk from 50k or 100k if it turns against you..