Best tips are take it slow and make sure you have significant reserves when you leave your w2 also don't buy a company car if you already have a car just to say it's for work.

Outside of the obvious stuff like big house and nice expensive cars, money affords you the ability to wake up to the sunrise as opposed to an alarm clock.

If you provide any kind of substantial services like catering, car service, etc you will change you tax situation and no longer can file under Schedule E.

You have no more at risk than you do in your own home (where you probably have more equity.) or your own car (where you probably have more risk.) and we won’t talk about if you have a pool or a dog. 

Hey y'all, Recently purchased an abondoned car wash, converting to storage units.

"A second question is if I finance the car purchase can I also deduct the business use portion of the interest charged on the loan?"

I have about $4000k left on my car loan and I have some student loans which both of these do have some impact on qualifying for loans.

Most people are not rich there, look at the cars. 

That's like asking how much it costs to buy a car. 

While the location is great, parking is an issue, and can really only accommodate about 4 - 5 cars total at time reasonably.