These are some options that I am considering. 1) Getting an LLC and a Joint Venture agreement to partner with a long time friend of mine but somehow separate our business from our individual marriages?

I’d love to connect with other Multifamily operators or individuals who are looking to invest into Multifamily deals in Houston.

@Brody Veilleux I keep individual checking accounts for all my properties and have mortgage accounts on most of them.

Those people overlooking what it means to “materially participate”Here’s the Material Participation Criteria:Spend more than 500 hours on the short-term rental businessDo substantially everything for the STR businessSpend more than 100 hours on the activity and no one other individual spends more time than you doSignificant participation activity for more than 100 hours, and your combined activity in all significant participation activities exceeds 500 hoursParticipating in the business for five of the 10 previous taxable yearsPersonal service activity (non income-producing) for three of the previous taxable yearsRegular, continuous, provable participation in the business for more than 100 hoursA Cautionary Tale: The Story of JacksonLet's take a moment to learn from the mistakes of others.

If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.

It was an up front payment to receive the modeled layout of the home, and they had an individual go to the house to do the mock ups.

I typically earn about $300/mo by sweeping cash against debt.I use a desktop based QB that was purchased a decade ago and has no monthly subscription fee.I find that data is mainly helpful in overcoming "expectation bias" which is the human affliction that causes us to assume our favorite properties are the best performing properties.

From page 730 (emphasis mine): "All non-business tax deductions and exemptions that were temporarily suspended by the 2017 tax bill should be permanently repealed, including the bicyclecommuting expense exclusion, non-military moving expense deductions, and the miscellaneous itemized deductions.23 The individual state and local tax deduction, which was temporarily capped at $10,000, should be fully repealed.

George, Utah by researching local properties, considering FHA loans, and renting out individual rooms.

Looking for advice on renting to an individual on a rental assistance program through the government.