A resolution might involve a refinance or buyout agreement to remove her from the mortgage, aligning ownership and liability.This post does not create a CPA-Client relationship.

*This post does not create a CPA-Client relationship.

Would you recommend hiring CPA for planning right off the bat for first property?

You will also need to talk to a CPA to make sure you won't owe income tax on that $31K.

And your CPA has no bookkeeper referral to give you?

*I am not a CPA, tax professional or a lawyer*I cannot give legal advice, so all of my advice is illegal advice.As far as I know, section 469 of the tax code is what allows for the "STR loophole". 

But beyond the CPA issue, I've been dealing with some major frustrations with Stessa itself.

Down the road, the 1031 exchange and Section 121 combo is pretty unbelievable if you hire the right CPA. 

*Any post made by Nate Meeker, CPA is informational only.

This post does not create an attorney-client or CPA-client relationship.