Quote from @Zach Logan: Hi everyone, I am posting in here to hopefully find someone knowledgeable and respected in the tax business for real estate professionals.

Always seek the advice of qualified landlord-tenant attorneys in your local area when trying to proceed using "do-it-yourself" methods, because of the legal complexities involved, doing so can potentially create significant exposure for landlords.

I'm currently seeking out portfolio DSCR loans or small business loans through local banks in order to tackle the remaining deferred maintenance and capital improvement projects but was wondering if anyone had other recommendations or ideas. 

Seeking advice both on partnerships and on the idea of becoming a realtor to save on realtor fees in our partnership. 

Readers are advised to seek professional advice

I'm seeking guidance on what my next steps should be—whether that's turning it into a long-term rental, exploring house hacking when I return, or using it to build equity for future investments.

Quote from @Steve Wilson: I'm getting ready to start investing in the Port Huron market in SE Michigan and had a question about depreciation; I spoke with a CPA who told me that unless I'm a Real Estate Professional, I can only use depreciation to reduce the taxable income from my investment property, whereas Real Estate Professionals can use their real estate income to reduce the taxable income from their W2 job as well.

Too many people/professionals n any given transaction. 3.)

It is worth digging into the details with a professional.

Hey everyone — quick intro: I’m Mike, 23, living at home and making about $80k/year. I recently started waitstaff work again on the side and expect to earn an extra $500–$600/week. I have roughly $100k invested (mostl...