Hi all, we need some help on tax strategies for a 5-door rental portfolio in Montgomery Alabama, this is a long-distance investment, we leave in Miami but invest in AL. for now, we are planning on a rapid grow on the Montgomery Market, we have partner up with new investors and we are in need to set new entities and the best tax strategy to set up the upcoming investments but also i will need help with the investments on 2024.Please reach out for a consultation and hopefully a long-lasting relationship.It will help if you are located in Miami and can handle Alabama, so que can have a one-on-one meeting.Thank you ALL and have a blessed day!!!   

I has two GREAT property managers that immediately come to mind, one handling 5 high end high rise condos I owned in Phoenix and the other one handling a 12 unit very lower end apartment building I owned in Arlington, Texas.  

I handle payments by draws and I must always be ahead and work versus payments.

It's important to ask yourself, and be honest with yourself, how you would handle managing tenant situations if you were to become a landlord.

Currently the other unit is empty and wasn't sure how to handle the taxes regarding this, so I am looking for refences of an accountant in the Phoenix Metro who does house hack taxes.If you have any other pieces of advice or wisdom for landlord and tenant rights it would be greatly appreciated. 

I would love to talk with a lender to get a better handle on the products that help investors BUT in my strategy, I am leaning toward NOT using hard money at first(if I can avoid it).

The key is to work with a reputable QI who is experienced in handling 1031 exchanges.

Non-tangible property includes buildings, land or other inherently permanent structures.I get a lot of questions on which group specific assets belong in, so I put together a list to help.Non-Tangible PropertyBuilding (27.5 or 39 Year Useful Life)Land (Non-Depreciable)Paved Parking Areas (15 Year useful life)Swimming Pools (15 Year useful life)Fences (15 year useful life)Bridges (15 year useful life)Exterior Landscaping (15 year useful life)Docks (15 year useful life)Sidewalks (15 year useful life)Tangible Personal PropertyMillwork or decorative trimCarpetAir Conditioning equipmentShelving, cabinets and display racksAccordion doors and partitionsWall coveringsInterior landscapingNeon or other signsDecorative and business specific activity light fixturesGenerators, machinery and kitchen equipmentWindow treatmentsWhat other questions do you have regarding cost segregation?

Despite wanting to handle it a few other ways I reached a small cash settlement with him to drop it.

A more realistic expectation is 24 hours which will ensure we can arrange any repairs or corrections with a team, handle it in person, etc. be curious how this plays out as I worked for local developer for a while and developed several properties in Alexandria (Specifically old town) and while the city is challenging like any city - they were mostly realistic.