For years, we thought that we were doing well in our financial planning because we put all of our retirement money into a high-yield S&P-500 index fund and got a better rate of return than "normal" people who didn't even look at their money.

However, it is normally never the right entity for those who have real estate investments.Best of luck!

@Greg Seivert - If you're doing the brrrr, normally you'd want to make that second purchase with equity already built in so you don't have to wait for it to increase in value. 

The tenant vacated in 32 days and earned some money.Don't give any thought to a security deposit refund, as all surfaces will be exhausted from normal wear and tear.

Makes sense and aligns with what I've been told by a CPA/EPA I'm going to potentially use moving forward.Let me ask you guys this:I can BRRRR this house and put around $30k cash in my pocket on the refinance (as long as appraisal comes back normal which we all know how that can go.)

Is this the normal process?

The mortgage broker I was working with was receiving friction from one of the normal lenders they worked with, who stated that the subsequent clause was for deployed service members; however, there is no mention of what defines a particular future event.      

If he wants to just be a GC on the job then he could bill the job his normal rates but then he should give up the upside of the project.I have a 50/50 partner on my flips and BRRRs, I bring and/or find the money, handle admin and legal while he uses his construction company to do the rehabs.

@Leon Meytin2)since i also have 15k in negative passive loss, and I am not a real estate professional and AGI is >150K, i can ONLY offset other passive investments, such as sale of stockSale of Apple Stock(or any other stock) is not considered a passive activity.You normally can't net passive and non-passive activities together.

I am not proud of it, but I can't be bothered to fix it either - not normally.