I have done a couple of fix and flips.

It also requires different reporting of that separate interest expense on the K-1 each year so the partners know they have the obligation of tracing that interest expense to however the partner used the distributed proceeds.I typed all this up and realized Mr Brooks has left the building and posted this 6 months ago, but hopefully someone else will find this useful!

I wanted to share what just happened with me these last couple of months, and could desperately use some guidance to get back on track.

For our last single family residence we had a young married couple move in with a brother, all three applied.  

Hence the idea of a couple more properties, however, with much more units than I currently have per building. 

We are wrapping up our move over the next couple of weeks.

When my business partner and I were still flipping we bought a couple through Auction.com and we always used a private money lender to fund those and our other flips. 

You're local to me.There's a couple ways to go at this ;If you're looking to save some money you can have your plumber install sub-meters after the individual meters.

We've had a couple HVAC techs recharge the refrigerant and one recommended replacing the entire system.

I’ve read a couple books but I am always willing to learn… Also if you were 21 , what would you have done differently?