Hey Tianna,Given your self-employment status and goal to purchase another property soon, several financing options could work for you.

You do not want to have to deal with the significant added expense, hassle, and delays of probate should one of your parents pass.Consider using this situation to improve your "amateur investor" status to intermediate or advanced status.

The company LLC status is currently FTB SUSPENDED, since 4/12/2019.

Many investors think that if they don’t qualify for REPS status, they won’t be able to benefit from a cost segregation study.

It's a super clean interface and leaves no doubt as to the status of payment.

The pre-foreclosure status is to be cured before the end of escrow, whenever it happens.

Hey everyone,I've been learning about attaining the real estate professional status (REPS).From what I understand, if I own the property, and if I self manage it, then I should just about automatically qualify for REPS. 

I would first start looking at the various strategies for saving massively on tax, mainly the short term rental loophole and real estate professional status and then decide if these strategies align with your goals.

Hey Joey,Cost Segregation and REPS: Yes, you can perform a cost segregation study once your wife qualifies for Real Estate Professional Status (REPS) and use accelerated depreciation to offset your W2 income in subsequent years of renting the property.Purchasing Another Property: It can be beneficial to purchase another rental property within the first 5 years to continue maximizing depreciation deductions.

Investment Info:

Other buy & hold investment.

Purchase price: $120,000

Cash invested: $60,000

417 old falls blvd is a multi use property having office/ warehouse spaces on 1st floor and a 3 bed 1...