(more legal fees, business fees vs. renovations).Research Points: §1.263A-1T§195(c)(1)Ervin E.

I run multiple properties in B or C area and I maintain super host status every quarter.

Now this property is in a class C neighborhood with a calculated 11% cap rate estimated.

This figure is for C class properties.  

@Robert C. hey shout out to Robert…long time no see!

"C" markets, it is not feasible to build more there. 

@Vidit Maini Starting your business as an LLC taxed as a C corporation offers flexibility but involves double taxation unless you elect S corp status, allowing profits to pass through to your personal return.For tax savings, deduct startup costs, track business mileage or vehicle expenses, and consider a home office deduction.

It's Class C and D properties that are struggling.

C- Raise the funds from friends and family.D- Just use cash from savings and start small.E- Pull from 401K and really take a risk on my returns.

As a general rule, each entity that files a separate tax return (partnership, s-corp, c-corp, etc) will need its own QBO subscription.