1️⃣ Househacking a Multi-Family (2-4 Units):This is how I started with a 3 family outside of Hartford CT—and how many of our clients in expensive markets do, too.

I am torn between pricing rent lower with a minimum 3 night stay or just weeding out the less desirable/more work clients with higher pricing.  

*This post does not create a CPA-Client relationship.

If you work with real estate investors, it's nice to be relatable to your clients as well. 

IRS is saying you cannot combine hours.This post does not create a CPA-Client relationship.

That’s what our clients and us use it for.

All of Bernie Madoff's clients thought their accounts were in great shape until the day the news broke.

Other risks, the contractor walking off the job, a storm hitting and delaying the project for weeks, someone breaking into the home and stealing stuff (which happened just the other day to a client of mine), a squatter, or drunk driver driving into the house (happened a lot at my old job as a firefighter lol).

On the flip side the clients I fund in my land deals are doing very very well in the foothill subdivision 50 miles or so west of the springs.. but thats the land game buy low sell high.. cant wholesale that stuff it needs to go on MLS to marketed and turn around time is generally 90 to 180 days but nice margins for my clients ..

Work out a fair revenue-sharing model, such as a flat lease or percentage of profits, and consider hiring a property manager for oversight.This post does not create a CPA-Client relationship.