An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.

I screened Tenant B per usual, although they have the least rental history of anyone I've rented to and are getting a bit of the benefit of the doubt based on Tenant A having been good (plus they have a guarantor, the mother of both tenants).Tenant A is moving out half a month before their year-long lease ends.

This is phasing out of a tax benefit.

In terms of the LLC creation, again it's beneficial to those who do not want to take the time to research the best haven states to have a holding company in, why anonymity is important, setting up a registered agent for your company, corporate structure strategy, etc.I will say access to the community has given me opportunities to connect people to one another on different deals.

I already own an LLC (residential contractor) and understand the liability benefits of running this deal through the LLC.I'm only asking about the differences from a business perspective (taxes, showing the income as business income vs. individual income, etc.).

I remember speaking to someone looking to do this sort of conversion in Scranton before and this is what they said they were coming across in terms of issues.

Hey wondering if any of you can share some experiences of owning a condo that you STR in USVI.
The feedback I've received from my broker is the following:

"Unlike many places around the world, development here is ...

Purchase price: $75,000 Cash invested: $50,000 Sale price: $171,250 Bought a condo in Mexico City (Condesa), flip it and invest to get it Short term rental ready, sell it as a business, with earnings around 2,000 monthly.

Make sure the term is something you are comfortable with.

Any tips for negotiating better terms with sellers?