Recently saw a post on reddit where a fella had his crypto treated at 70% like a market account. (70% is a little generous) Thoughts?

When you convert the property into a rental, you will use the fair market value of the furniture and get bonus depreciation deductions on these.

Any savings you have from renting your current place can be a bonus. 

If they reinstate on the arrears that they are behind on, that is an added bonus

Thanks for the support and being so generous with your knowledge.

Last year we did have a Dec. guest for 3 weeks which was a complete bonus!  

LLC #1 cashes out 100K of the equity, while the property is now owned by LLC #2 with a loan.Would this not in essence be a cash-out and refi, with the bonus of the property now being anonymous under the WY LLC holding company?

would that same 27k buying a rental in the mid west for cash that rented at the time for maybe 400 a month where would we be at .. well say 50% cost to own it make 2k a year minimal tax bene's  rents go up now we are making 3k a year the rent is now 750 and being generous using the 1% rule its now worth 75k..

The only bonus on keeping it is the appreciation.

Right now fully occupied but both tenants are month to month. 4/2 is built in basement and 1st floor and also has a bonus living room and washer dryer.