Florida: The Paradise of ExclusivityFlorida remains one of the most coveted destinations for investing in luxury properties, not only for its beaches but also for its favorable tax climate (no state income tax) and glamorous lifestyle.Miami: Miami is the epicenter of luxury in Florida, with its combination of tropical climate, white sand beaches, and a vibrant cultural scene.

. - The commercial property is in an LLC, we get K-1s from the LLCs taxes every year showing that the LLC pays for the expense and is cashflow positive; except for the deprecation we take :) I plan on buying a new primary residence in the next 1-2 years and want to know if I need to have the commercial loan adjusted so that its no longer personally guaranteed.

For leverage of 50% or less any worries are psychological with little chance of consequences moving beyond the specific property leveraged. 50 - 65% could go either way depending on economic climate, specific property attributes, management, etc. 

Aloha,Given that this is the first month using the Avail system, unless you specifically provided the tenant in advance with information on the lag time from first hand experience, I would let it go and simply inform them of how the timing did not work out, and have them adjust their "pay" date accordingly, reminding them of the "late" date and penalty for future payments.

While I do think that extreme climate is something we all will have to contend with, I think the area will always be popular as a vacation destination.Having said this, I am thinking about looking for a STR in the area. 

Add to this the rapidly evolving regulatory climate with additional disclosures many wholesalers are required to make before entering into contracts. 

Thanks, DavidFannie Mae & Freddie Mac updated their Loan Level Price Adjusters (LLPAs) back in 2022 for 2nd homes.

What a lot of people think:Bonus depreciation is only for new properties or acquisitions.The truth:You can retroactively apply bonus depreciation to property placed in service after September 27, 2017, when the Tax Cuts and Jobs Act passed changing various rules.The IRS allows you to claim missed depreciation deductions by adjusting your current year's tax return, without needing to amend the previous year's returns.This is typically done through a change in accounting method using IRS Form 3115.

As interest rates climb, how are Texas buyers adjusting their strategies to secure property?

So, you should really reread their advice several times, then do your own research to fully understand their advice:)Don't let our responses dissuade you & your friend from investing, rather use their warnings to adjust your course of actions.You can probably find many examples of Partnership Agreements online.