Taxes is not my area of expertise so I suggest readers consult with their own tax advisor on this subject. 

Most advisors I’ve spoken with have said this won’t really work unless we put it in an estate or LLC to keep it more private. 

What has your CPA / Financial advisor recommended?

How do you approach educating people on the realities of the business? 

During 2022 I had multiple meetings with one of their CPA advisors and gave them access to QuickBooks and Payroll platforms.

While this is a great and highly motivating goal, most people are either clueless or incorrect in their belief as to what is required to obtain this “lifestyle”.Understanding of the “how to” get there is further obscured by the misleading, and often patently false “pathways” sold by real estate educational MARKETING companies as workshops, upsold to association memberships, upsold to mentorships.

I will not comment as to the tax laws and underlying rules - that is a discussion you can have with your tax advisor who presumably you are paying to help you.What I will do is provide practical and business guidance on tracking time.Firstly, there are apps available that can assist with time tracking where you can specifically detail your time, who you met with, etc.

It’s important to work with a real estate advisor to understand what’s best for your situation and any specific requirements in your local area.

There a ton of great DSCR options you can find on the Lenders tab at the top of the page, or connect with an experienced broker who can shop all the best lenders for you and educate you on the best options out there.

Quote from @Jim Rice: Lauren, really just trying to put together a group that would what to meet up if possible and share education, information & build relationships.