If not, the income won't be considered. 1.

My general rule of thumb is that a property needs to do 15-20% of the purchase price in gross rental income.

I've also met CPAs that fail to do much more than data entry.Income tax law is highly complex and I doubt sincerely any preparer is an expert in all areas of income tax. 

You do have to keep an eye on your write offs to ensure you are showing a good NOI and not using too many write offs to show enough income to use for bank/lender underwriting on a mortgage/loan.

Hey BP community,I was doing research about getting involved in real estate syndication as a passive investor and I came across a website called iintoo (link below). https://epiic.iintoo.com/?

If you have enough money but your business is the main driver of income in most cases you can make more money putting time into the business.You could also get creative here.

Hopefully, you find it helpful and qualifies us to assist you with your goals:)---------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

However, capital gains tax (if not exempt) and transaction costs could eat into profits.Cash-Out Refinance- If rental income covers both mortgages, this could scale your portfolio faster—but be cautious of higher mortgage payments and interest rates.If you have any other question, send me a DM or email!

So I  have a income of around 15k from the business.

It’s personal to the employees, who are directly impacted by the work culture of the business and rely on it as a source of income.