It's a good idea to consult with a real estate attorney or a financial advisor who is familiar with Arizona laws to understand the full implications.If you're considering a joint account with your brother, lenders will typically look at both parties' credit and financial situations.

Are you using qualified consultants or did you go with the cheapest?

Hello All not new to bigger pockets or  the real estate business took a little break to build a solid foundation and to pursue my real estate license for Florida as well and to learn the in's and outs of the business....

Hi there,Given the complexity of your situation—owning a rental property in Florida while residing in Illinois, house hacking with your daughter, and planning to claim tax breaks—it might be a good idea to consult with a Certified Public Accountant (CPA) or an Enrolled Agent (EA) who specializes in real estate taxation.While your current tax professional at HR Block has experience with multiple properties, a specialist can offer more in-depth knowledge on multi-state tax issues, rental income reporting, depreciation, and maximizing deductions specific to real estate investments.

Just make sure to document how you arrived at the land value in case of IRS inquiries.If you’re unsure or want to avoid any red flags, consider consulting a tax professional to ensure you’re compliant and optimizing your depreciation. 

Pay a local RE attorney $250 for a consult, get their lease and use that one.

A consultation with a real estate-focused accountant can help determine if their ongoing services are worth the investment.

Since refinancing and investment income (like rental income) usually aren’t seen as earned income, it likely won’t affect your mom’s survivors' benefits.However, if your mom’s survivors' benefits are based on disability (SSDI), then additional financial or property assets could trigger a review, so you might want to consult a CPA or financial advisor to be sure there are no unintended consequences.This isn't legal advice.

Hi Austin,I would recommend you consult a Broker that specializes in buying and selling profitable businesses.From my understanding balance sheet is key in the due diligence process.

If you’re not comfortable with your analysis and still want to pursue the purchase, I would recommend engaging the services of a real estate consultant holding the CRE designation and paying them for a short form report.