.• Down Payment: Planning to put down 15%–20% to keep my monthly payment low.• Cash Flow: My goal is to keep total expenses at $600/month or less (including mortgage, taxes, insurance, and property management).• Minimizing Debt: I want to avoid overleveraging and maximize cash flow from the start.• Property Management: Since I’m investing out of state, I’ll be hiring a property manager to handle day-to-day operations. 

They pay you rent, and they operate a parking business.

Dennis' dad and I actually tripped over something similar back in Chandler.. we learned to tap into city planning websites and even call the permit offices directly to get a real sense of their backlogs.

Will the renting of ADU rise to the level of trade or business? 

I am looking to buy my first investment property and have seen strong fundamentals in Indianapolis (job growth, population and median wage).As an out of state investor, I am looking to connect with investors/agents in the area to build further knowledge on specifics with the markets and hopefully bring business to in the future!

Additionally, strong tax planning is essential, as your W2 income limits your ability to deduct passive losses.

If you include a low-maintenance marketing plan into your vacation rental, you’ll attract high-paying guests without constantly grinding to fill your calendar.I’ll get back to that in a minute, but first—let’s talk about your reviews.

We also allow users to amend a post at any time with additional information.We have no plans to change how the forums work as it pertains to the deletion of posts.

@Michael James Hamlin I'm a former tax accountant/business consultant turned fix n flipper and investor friendly agent. 

Working this backwards, what I see is a 3rd party trying to benefit from another’s house via rental cashflow, My only business is 30+ years as probate estate and trust lending in CA.