Any good HML will be happy to share the contact info of borrowers so you can see how easy the process was and how well they treated the investor.Can you share a recent closing document or HUD?

It may be beneficial to defer implementing the cost seg if you are anticipating your rental classification may change.Consult a tax professional to tailor the strategy based on your long-term investment and income goals.This post does not create a CPA-Client relationship.

Sounds beneficial but for $5K, I want to hear a person's actual experience. 

Phase 1 is an initial assessment, more focussed on document research while Phase 2 is where they actually take soil samples etc. 3.

They chose to leave voluntarily to avoid an eviction and signed a document agreeing to pay the back rent payments owed (which is a significant amount).

I always pass by these abandoned buildings or abandoned plots of land ask “ what can we turn this into and how can this be beneficial to the area?

Document, document, disclose, etc, but only to the right people, not necessarily the lender. 

My problem i is my market is super expensive if I stay in the nyc area and I don’t have the confidence since I don’t have any actual experience to invest out of state do you guys think paying off my mortgage would be more beneficial than looking for more rentals .

Rent payments from the medical LLC are fully deductible as a business expense, while the property-owning LLC will report the rent as taxable income, which can be offset by deductions for expenses like mortgage interest, property taxes, maintenance, and depreciation.To ensure compliance, document how FMV was determined—using market comparisons, an appraisal, or similar data—and draft a formal lease agreement outlining the terms, rent amount, and responsibilities.

Real Estate Professional status is explicitly not recognized by California, among many other beneficial tax rules that exist on the Federal level.