That way, her limited funds can go toward her own living expenses. 

Or, ya know, just spend the next 140 hours trying to get a self-study law education followed by another few hundred hours self-study to sort out how to avoid repeating the situation.That's the reality of it all. 

@Eric Lowe Prior to pulling the trigger on a Cost Seg study, you should evaluate 2 things:1 - How much net additional deprecation tax deductions a Cost Seg study would provide: Best way to get this is by requesting a free feasibility analysis from a Cost Seg provider.

This thought led me into studying about becoming financially free and building generational wealth.

How about a sales contract with contingencies but with a limit where the buyer can only terminate the contract if their find material defects exceeding a certain dollar amount.

Day 7: "Here’s a case study showing how we helped [Client Name] reduce costs by [X%]."

Focus on tax-saving strategies such as cost segregation studies and bonus depreciation to accelerate deductions.By qualifying as a Real Estate Professional (spending 750+ hours annually and materially participating), you can offset your wife’s S-Corp income with real estate losses, reducing your tax liability.

They will generate a report to you based on their findings.Type 2 - conducted by an engineering firm where they will have you complete a questionnaire.The questionnaire will ask you details regarding the house and therefore, I would recommend having a home inspection or appraisal at the time of completion.The above two studies have pros / cons and differences in cost and turnaround time.Best of luck.

I don't understand if I count since I'm living in the property or if it's only the tenants that count towards the limit of individuals that are unrelated living together.

Then add any other codes required where you want to build and study those as well.