Can you use the money and get a better return?

Hi, Anthony, yes, I have had a lot of trouble with DM returning incorrect data - wrong owner or owner not found, wrong or no mailing address, very few sale dates, and now when I filter on lead status, it does not return all leads with that status.

Where are most of the better STR returns in Central OR right now?

I also hire one of the big national 20 CPA firms to review returns every 2-3 years. 

This allows us to close extremely quickly, which is an important competitive advantage.I don’t know how to read our own tax returns, and I’m certainly not going to read yours.

If you are skilled in each of the areas above, and you have enough in reserves to cover the costs of when things do not go as planned, then you can likely attract money from private money lenders who want to get a return on their money and they see lending to you as a low risk way of earning a better return than in the other passive investing options they have. 

I can see how starting with a 4-plex could provide better returns and learning opportunities without an overwhelming jump in complexity.

This approach simplifies the sale and avoids unnecessary legal or tax complications.If she want to share the proceeds and tax obligation in a technical way, she need to file a partnership return for this property.This post does not create a CPA-Client relationship.

If you really want to get rid of them, sweeten the pot by offering to return their deposit after you verify the unit is empty with no damages. 

By "Tax Loss" I mean that it is likely that without depreciation your property is cash flow positive.If you Materially Participate in the management of your portfolio of rental properties, that loss will be treated as Non-passive, and will flow through to page one of your Form 1040 tax return.