One possible answer is no extra rate increase  but better occupancy numbers.

Basically sounds like you’re putting down an extra $20k for…Him choosing the property (I assume/hope it’s really you both choose or it’s actually to his advantage to pick it, so this I feel can be disregarded.)Him running all the property management. 1) feels like he might get sick of doing all the work and forget why he’s doing it. 2) you’re paying $20k more to not have to do it so how long would it take for property management fees to reach $40k?

Scenario 1: Condo conversionI'll skip all the renovation details and get right to the point - reasonable net profit from this project would get me around $863,000 which, after LTCG tax would be around $733,550. 

Any details on structure would be greatly appreciated! 

Here are some tips for presenting your case:Property Details - Property address, size, style, and other comprehensive data that would attract someone that wants to make money.

If you want to talk more in detail, give me a call (425)466-4092.Best Wishes, Amanda Dallman

Sure, your corporate veil protections are tied to how strictly you follow detailed practices, but the IRS could care less I imagine, as long as the return is correct.I mean, so what if you file as S-Corp?

So you walk away with 25% equity/75% debt split on a property where the mortgage is being paid by a renter and there's a few hundred per month extra for your pocket.You now get to repeat the process again, it is called "rinse and repeat". 

is mostly a nothingburger b/c of all the extra 'stuff' you have to put in, to make that office space into residential. 

In 2023, I did 18 transactions(Top 500 of ~15,000 agents), and manage 13 rental properties for other individuals.As an Individual, I also own 5 additional rental properties that I also self manage.The reason I would like REPS is because Ive got about 200k in passive losses(100k just in 2023 as I fully remodeled one of the rentals and partial reno of another) I would like to apply towards our household W2 income(600k) Overall, I feel like I could definitely qualify but I definitely lack detailed time log of all activities.