My thinking has been that I'll rely upon my skills as a litigator to conduct due diligence along with my mentor and deal team.

While rental income is indeed considered passive under IRC §469, that doesn't prevent you from claiming a home office deduction if you meet the requirements.What You Need to Qualify: 📋A dedicated space used exclusively for managing your rentalsRegular and substantial management activitiesThis must be your principal place for conducting these activitiesThe Legal Foundation: ⚖️The Tax Court in Curphey v.

Hello @Allen Duan,Last year, we conducted a study with a few clients and produced a white paper.

Don't forget you need the original developer's permission to conduct structural changes to the villa inside and out.

In just the past week, I've had to deny six applications from agent-led showings because the agents didn’t conduct proper due diligence upfront.

If you're unwilling to charge a common fee, I wonder how you're going to handle a problematic tenant who is late on rent or responsible for paying the plumber to remove a kid's underwear from a clogged toilet.How will you conduct a credit/criminal screening without an electronic application?

Always conduct your own due diligence and consult with a qualified professional before making any real estate investment decisions.

If you're not conducting the work yourself, contract with reputable and competent companies.

Conducting a thorough property inspection or consulting a contractor can help identify potential large-ticket items you might need to replace soon.For make-ready costs, you can look at local averages for common turnover tasks like repainting, carpet cleaning, or minor repairs.

.- Individual 1031 Exchanges: Each partner can then independently conduct a 1031 exchange with their share, deferring capital gains taxes by reinvesting in like-kind properties.Considerations:- Timing: The IRS may scrutinize transactions where the "drop" (distribution) and "swap" (exchange) occur in quick succession.