Hello- I have a. situation that I need some clarification and understanding.Situation: My wife is the Conservator and legal guardian of her mother who is in memory care. In order to help finance the care, we are curre...

Great start to life. 

If the RV is not permanently affixed and retains mobility, it is considered personal property and depreciated over 5 years under the Modified Accelerated Cost Recovery System (MACRS).

At least that way you can still drive to the properties if you need to check in on something in person. 

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

At this stage in my life, these equity plays are more impactful than holding onto a property for a couple hundred dollars of monthly cash flow.What’s your take?

Just like most things in life there are good and bad to both choices. 

You are a high w2 earner, The house is worth 110k today, you are buying from your grandma for 60k in exchange for free rent for life, upside ARV of 200k.The costs of owning the house will help provide tax relief on your high w2 earnings, you are buying a great chunk of equity that will pay off in the future, and you and your grandma are doing each other solids. 

Hello. I just put my house for rent but I’m not sure where to do background check and what exactly look for when doing them. Can you please share what you use it would be great. Thank you. 

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