With some humility, I’d like to say it’s keeping the finances separated/organized and liability protections, or everyone’s favorite question… do I need an LLC?

It gets complicated if you use a HELOC towards two separate projects as you would need to pro-rate the interest across the two projects.However, the answer would be yes, they would be deductible.

Your example of separate banks just sounds like a bunch of different currencies not a single decentralized currency that you can transact across national borders.

There is also the emotional aspect that makes us want to avoid certain things, like townies walking through just because they are nosey.

These special taxes, as they are called, are collected the same way as general taxes (December & May) but are listed out separately.

I was so caught up in the project in its entirety that it never occurred to me that they are 2 separate things.

A basement with a separate entrance but no kitchen is not considered an ADU, and therefore does not have the 120 day limitation. 

There are separate loan products for construction of an ADU (checkout Derek @ThatADUGuy on Instagram) to learn more.

The numbers I use for an STR and long term are different so I would probably analyze them separately and then put it all together.

Separate it from property management and make it the MVP.