Detached: A separate structure like a tiny house, guest house, or mother in-law suite in the backyard.2.

Still use paper method for mileage logs.Tried QuickBooks several years ago but it was more complicated and I did not need the bells and whistles.

If she lives rent-free, you retain control of the property but lose the ability to claim rental-related deductions.For long-term planning, consult a CPA and attorney to ensure compliance with tax rules and align ownership structure with your goals, including potential conversion to a rental or estate planning considerations.

Additionally, an LLC can make it easier to separate personal and business finances, simplifying tax filings.Quick Tip: Work with a tax advisor to determine whether an LLC is the right structure for your investments.4.

Hard to fault her very methodical informed decision.

I would like to learn more about analyzing realestate deals, learning more about finding investors, structuring opportunites for other and myself to invest into.Does anyone have any sugguestions on books to read, or people that I can talk to regarding some of these topics?

That way, you can get your foot in the door, start building equity, and stay at home a bit longer to save more money.You could also consider the BRRRR method where you buy a fixer-upper, rehab it to add value, rent it out, and then refinance to pull your cash back out.

With the right structure, we can fund 100% of the renovations.

Consider structuring your investment through an LLC for liability protection and tax flexibility.This post does not create a CPA-Client relationship.

What does your cost structure look like?