.🚨 Common issues I see:❌ Not properly tracking repairs vs. capital improvements❌ Missing out on cost segregation & depreciation write-offs❌ Scrambling at tax time instead of planning proactivelyI’d love to hear from the group—what’s been your biggest tax headache as an investor?

Sometimes you will get a seller who comes back and declares they want off of the loan, or a nasty letter from an attorney saying that you ripped off their client, or a letter from the State Attorney General that you get to visit them in their office.

Philly: Cobbs Creek between to 55-59th(19139/43)North Kingsessing right by Baltimore or the railroad tracks (19143)Port Richmond between Aramingo to Weikel (19134)North East Philly from Cheltenham Ave to Pennypack Creek (19152, 19111, 19136, 19149)E Mt.

@Bailey RentzStessa is an excellent platform for tracking income and expenses for investors; it is user-friendly.

@Albert Gallucci as many have pointed out, in the commercial space of 100+ apartment buildings and offices, property classes have some pretty decent industry standards.We started applying these to 1-4 unit properties around 10 years ago, which you can verify on our blogs, because we saw too many newbie investors not properly taking into account things like, neighborhood status, tenant pool, property condition, etc.Unfortunately, there's no industry standard for this, but you can use some basic logic to think your way through your own Classifications.

Master and Commander.The officers are sitting eating dinner. 

*Team up with good contractors, communicate well, and keep them happy*Track every dollar, so you always know where things stand in each category.

If you’re looking for DIY options, PropStream and DealMachine can give you some lien info, but they may not always be 100% accurate or up-to-date.For Central Ohio, check with the county recorder’s office or clerk of courts for lien and judgment records.

The other thing that I forgot to mention was, what about commercial offices? 

Raising capital with your existing track record is going to be extremely challenging.