Frankly, if you don't keep track of what you spend for business, real tax strategies is not your problem at the moment.

I think though now with this new law it gives the state an easy track to regulate compliance  IE you either gave the disclosures or you did not you either have the disclosures on your website and marketing or you dont.. be very cut and dry for enforcement. 

Hey @Aaron Gordon congratulations on getting started on your real estate journey here in RI.Starting off with a live-in remodel is definitely a way to fast track your real estate experience.

Property owners get an annual update on their SEV & Taxable Values with their city property tax bill, typically sent in December.So now, the city assessor tracks the SEV, but homeowners are taxed based upon the capped Taxable Value.

Potential ChallengesPrepayment Penalties: Check your FHA loan terms for any prepayment penalties or fees for refinancing before a year.Appraisal Risks: Ensure your property’s renovations are well-documented to support the higher valuation needed to pull equity.Lender Requirements: Commercial lenders may scrutinize your LLC’s financials and operational track record.

The EPA is hoping  owners will investigate and identify the pipes on their own, report it to their utility provider for tracking, and then the EPA can obtain funding for replacement.

You're on the right track.#1 as a 19 year old make sure you get your preapproval lined up before you even go look at homes. 

Digitize physical receipts for easy storage and use a consistent naming convention for easy sorting - 2024.03.25 Home Depot.Maintain proper records, such as contracts, settlement statements, and promissory notes.Additionally, you can track income and expenses consistently using software or spreadsheets.As you scale, if bookkeeping isn't fun, consider hiring a bookkeeper for a couple hundred bucks per month.

@Ryan WilliamsThis was my goal for years and I was on track to have my primary paid off by the time the kids went off to college.

Again, others might disagree.a) Track Record: Get the entire track record for the strategy.