Maintain detailed records to substantiate deductions for materials, labor, and expenses, which can significantly reduce taxable income.While an S-Corp provides tax savings, it also requires payroll management and compliance with formalities, making it essential to stay organized or consult a tax professional for ongoing compliance.This post does not create a CPA-Client relationship.

All these transaction where they actually "make money" out of our desperation to "delay tax payment".

Generating 11k per month - what amount of capital is that requiring - you mentioned 7 paid off houses.

Short-term rentals of non-owner-occupied properties will also require a special use variance which is obtainable by starting with the completion of an application in the Zoning Department."

Why ask: Knowing the mentor's expectations will help you prepare for what’s required in terms of effort, communication, and engagement in the program.Asking these questions will ensure you make an informed decision about whether the mentorship program is a good fit for you and your goals.

Some of the new laws in the state house will require you to provide Air-Conditioning.

Zoning and Permits: Make sure to check the zoning laws and permit requirements for building an ADU in the area. 4.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

“If you are seeing a billboard of ‘Sell your home’ or ‘We buy houses’ or whatever else, those kinds of things might be us.”Lapsed licensesDepartment of Licenses and Inspections records show about half of the Philadelphia properties owned by RAD or other Mendenhall-led funds were granted rental licenses since those businesses acquired them.Landlords are required to renew a property’s rental license once a year.

Most if not all of these properties require SIGNIFICANT cap ex rehabs and conventional financing won't touch them; you'd likely need to go the hard money route at 10-12%, 2 points, 12-18mon turn around.