To succeed, focus on properties in high-demand neighborhoods like Pecan Grove or Aliana, and ensure your cash flow analysis accounts for high property taxes, potential HOA restrictions, and flood insurance costs.

Is there really no way to hold shameless tenants accountable?

@James Boreno You’ll likely owe taxes, but don’t forget to account for your adjusted cost basis, which factors in the original purchase price, depreciation over 10 years, and any capital improvements.

Account Closed It will only show on your credit report if the person who is holding the notes goes to a servicing company so it is recorded.

Anytime... we have one accountant who focuses on our MHP and multifamily clients. 

When you file your taxes at the end of the year the accountant is going to ask you for your receipts or what and how much you want to write off using deductions.

This is our "8 x 8 project" - there, I've said it out loud to remain accountable! 

While margin accounts exist for stocks, they're typically more expensive and risky.🤝 A Place for BothHere's the thing - it's not really an either/or situation.

Make sure your accountant specializes in real estate taxation.

They should pay just like someone on a regular lease pays - cash or equivalent into your bank account.