![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3116595/small_1725978512-avatar-chrisk747.jpg?twic=v1/output=image&v=2)
29 January 2025 | 12 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3175765/small_1738172967-avatar-davidp1477.jpg?twic=v1/output=image&v=2)
4 February 2025 | 2 replies
I understand I wouldn't get the benefit of tax deductions, but what else am I missing that makes this a good deal?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2349214/small_1641615948-avatar-keegans28.jpg?twic=v1/output=image&v=2)
11 January 2025 | 1 reply
I have no social sphere or contacts family or friends in Oregon (I don’t know anyone besides my fiancée).Goals: continue to have flexible schedule while enjoying what I do (selling real estate) and making good money.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3153251/small_1733325907-avatar-armellm.jpg?twic=v1/output=image&v=2)
31 December 2024 | 6 replies
@Armell MayersBigger Pockets is a great place to find a real estate tax accountant.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3172207/small_1737604712-avatar-dianat76.jpg?twic=v1/output=image&v=2)
5 February 2025 | 56 replies
All that matters is whether the property will attract reliable tenants (A reliable tenant stays many years, pays the rent on schedule, and takes good care of the property).
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3008574/small_1714357256-avatar-simonem39.jpg?twic=v1/output=image&v=2)
1 February 2025 | 1 reply
However, I’d like to have a space of my own before living with others again (I plan to house hack again with my next property).I’m seeking advice on how to move forward, as I need to consider things like utilities, taxes, landlord/umbrella insurance, and managing the property, especially with someone renting my garage.Specifically, I’m curious about renting out individual rooms and living on my own for a little while.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3163075/small_1735687515-avatar-bradk182.jpg?twic=v1/output=image&v=2)
27 January 2025 | 3 replies
(gross rents $4900; 8% PM; mortgage+insur+taxes = $3600/mo).
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3173762/small_1737675879-avatar-wesy12.jpg?twic=v1/output=image&v=2)
23 January 2025 | 1 reply
Then rent the bigger home out using a property manager, allowing her to possibly cash flow and maintain that asset and let it continue to grow in value.Encourage her to consult with a CPA or tax attorney to explore the best strategy tailored to her situation.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2407174/small_1713385623-avatar-patq4.jpg?twic=v1/output=image&v=2)
14 January 2025 | 4 replies
And if you’re into marketing, knowing your way around Canva or even basic social media scheduling tools would be really helpful too.Finding a gig might take a little effort, but there are so many opportunities out there.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2734220/small_1692296394-avatar-jesses368.jpg?twic=v1/output=image&v=2)
5 February 2025 | 4 replies
This is day to day spending, rent collection, tax/utility payments etc. (1) account for all security deposits, (1) account for parachute fund, capex items etc.