There are all kinds of plans and ways to “make it” in real estate.

Multi family isn’t as common as you’d find in other parts of the United States, but there are some good properties here to be had!

Snow plowing was terrible, when spring arrived the common area grass mowing was terrible as well.

A common mistake in my area is to ignore Hotel Occupancy Tax.

The more common one is a flat value for the ADU, like they would for a pool or another bonus.

The other two that are commonly used is (1) 100 hours and more than anyone's time in the activity or (2) substantially all the time in the activity. 

.🚨 Common issues I see:❌ Not properly tracking repairs vs. capital improvements❌ Missing out on cost segregation & depreciation write-offs❌ Scrambling at tax time instead of planning proactivelyI’d love to hear from the group—what’s been your biggest tax headache as an investor?

I guess that kind of vitriol is to be expected coming from someone who doesn't even have his own picture in his profile. 

For govvy loans, the Due on Sale clause will be available to your note holder - having an LLC take title to the deed (most commonly via a quit claim) will expose you to this clause.

The mechanism would allow the property to be re-deeded to all of the LPs as tenants in common.