Looking for some creative advice that hopefully minimizes the tax bite.My business partner and I own two houses free and clear in our LLC.

The reason the PM contractor bid is higher is most likely the PM will be managing the rehab as well and that is not done for free.

Feel free to reach out

Feel free to critique.  

Money down the road from a historically steady 10% increase in stocks that you will pay taxes on to collect, or immediate cash flow with tax advantages and an annual appreciation of 3-5%.Feel free to dm me if you would like to chat more on the subject 

Feel free to DM me your suggestions or to connect!

(And if you think they'll update the language, I have a bridge to sell you...)Next, it has triggered occasionally and we send out a reminder that we are a smoke-free property which usually works.

If they make one call to city and they are low to moderate income they willbe provided with a free lawyer more than likely and you are going to be slapped with not providing a nonhostile living environment.

It's similar to how you report it for tax purposes in years where you aren't selling it, you report 50% (or whatever % is allocable to each side) as rental property and depreciate that 50% while the other 50% is your own personal residence and therefore is not part of Schedule E.

Regular updates and transparent reporting are crucial.Performance Metrics: Set performance metrics and review them regularly.