Hey Michael, My understanding is in a preferred equity syndication, utilizing qualified funds such as those from an IRA or 401(k) can trigger Unrelated Business Income Tax (UBIT) when the investment generates Unrelated Debt-Financed Income (UDFI).

I’m not sure when to decide that I “know enough” to make this kind of investment, or if I should continue educating myself before pulling the trigger on a property. 

You’re building a brand around education and ownership, so transparency and compliance should be top priorities.

Consulting with an international tax expert would help you understand the best way to maximize your depreciation and ensure compliance across borders.

The same applies to your financial health when it comes to taxes.Remember, when you pay for quality CPA services, you’re not just paying for tax compliance; you’re also paying for advisory services that help you make the best financial moves and tax strategies.

They can provide personalized guidance, ensure compliance with IRS regulations, and help maximize your tax benefits.Hope this helps! 

With solid records and compliance, there’s little reason to be overly concerned about the size of the return.

Just this week I sent an e-mail to her caseworker to notify the HA of our pending lawsuit to obtain a judgment for what she owns, and the caseworker confirmed that she will place the voucher on hold until the outcome of the court case, which prohibits the tenant from leaving until I confirm she is in compliance with her lease. 

Your management has to be top notch, your marketing has to be top notch, your pricing has to constantly change with the environment, your design has to be incredible and the photos have to trigger that booking response.

I have not pulled the trigger yet on a second property due to risk averseness, lack of capital and analysis paralysis.