Specifically, if the Smiths are in the 35% tax bracket, the $5,716 loss on their property will result in $2,001 of avoided federal income taxes.

The same rental application, the same criteria for selection, the same rents, the same amenities included.At the federal level there are 7 protected classes:Race, Color, Religion, Sex, Handicap status, National Origin, Familial StatusMassachusetts has 15 protected classes.

Texas is one of the rare states (as you probably know California is one of them too) where owning a wholly-owned LLC, though it is disregarded for federal income tax purposes, can have state tax implications. 

Get a federal employer identification number, open up a business-only checking account, and keep your personal finances out of your LLC accounting books.Create an operating agreement.

In Alabama another place I invest, it’s mostly government contractors and researchers (Huntsville) so SFR tends to do quite well there.

Hello, my realtor found a tenant for me who appeared to have high income and great  references. come to find out that all are falsified. she stated she worked for a government agency and that was false, reason I know is I found her on facebook and she is self employed - WITH BAD REVIEWS AND ONE OF THEM WANTS TO SERVE HER - YIKES,  I can also see who she used as references, which are her FACEBOOK FRIENDS -NOT HER EMPLOYER. 

Shortly after, they were looking to the Government to bail them out of the hole they dug for themselves.YOU run YOUR business like that, and I will run MY business with policies in place that are fair, consistant, and expected to be followed every time.

Disclaimer: I’m not attorney and this is not legal advise but it’s my experience of actions I’ve taken with success.Docs Your going to need are SCC docs with articles of organization as well as a operating agreement as well as a federal identification number “EIN”.

You may want to check with your zoning office to make sure you are not over stepping the line with the county government.

Post Dodd Frank Act and all the new Federal lending laws, proving ATR (Ability To Repay) is the name of the game these days.