You need to do a cost-benefit analysis to determine if it's worth it.  

I would tend to agree with the other CPAs typically.The 500-hour test is one of seven material participation tests used by the IRS to determine if a taxpayer is actively involved in a trade, business, or rental activity. 

So, why would you NOT factor in a car payment when determining the liklihood of an applicant paying their rent consistently on time?

The only part that Property 1 pays on that loan is the escrow for property tax & insurance for Property 1.Thank you for your insight.You need to look at purchase price to determine cost basis, not how you financed the purchase.

To determine the correct treatment, consider the RV's permanence, utility connections, and business use.This post does not create a CPA-Client relationship.

Just remember, it's a challenging journey that calls for commitment, determination, and a mindset that's open to growth.

Determine at what percentage of completion you'll pay for work done. i.e.

With that she can determine, of the cash received how much should be set aside for taxes, then gift the ex-spouse a potion.

.- Value add - When building additional units, what steps should be taken to determine how many can be built?

Start by researching different types of properties, such as residential, commercial, or rental investments, to determine which aligns best with your goals.Building a strong network is also crucial.