Almost everyone here on BP will tell you that they wish they had started earlier, myself included.4.

Most HELOC lenders will go up to 70% CLTV (this includes your 1st and HELOC amount).

Debt coverage plays a factor.

You must generally file Form 3115, Application for Change in Accounting Method, to request a change in your method of accounting for depreciation.The following are examples of a change in method of accounting for depreciation.A change from an impermissible method of determining depreciation for depreciable property if the impermissible method was used in two or more consecutively filed tax returns.A change in the treatment of an asset from nondepreciable to depreciable or vice versa.A change in the depreciation method, period of recovery, or convention of a depreciable asset.A change from not claiming to claiming the special depreciation allowance if you did not make the election to not claim any special allowance.A change from claiming a 50% special depreciation allowance to claiming a 100% special depreciation allowance for qualified property acquired and placed in service by you after September 27, 2017 (if you did not make the election under section 168(k)(10) to claim a 50% special depreciation allowance).Changes in depreciation that are not a change in method of accounting (and may only be made on an amended return) include the following.An adjustment in the useful life of a depreciable asset for which depreciation is determined under section 167.A change in use of an asset in the hands of the same taxpayer.Making a late depreciation election or revoking a timely valid depreciation election (including the election not to deduct the special depreciation allowance).

Who you do business with matters more than any other factor when you are a passive investor.

Now McDonald's arguably did it better than anyone else due to having that perfect combination of factors (e.g. franchise model, desirable product, global economic growth, etc.).

More about surveys:A planimetric survey maps out the existing conditions of your property, including the layout of buildings, trees, driveways, and other significant features.

Also, keep in mind factors beyond the down payment, like closing costs, potential renovation expenses, and the need for property management.

They agreed, including them paying all closing costs, and we had set a price in the lower 400ks… I asked for more money, which they obliged to add about 10k to, but just today they said their partner pulled out.

Can I include something in the Rental Agreement where they would sign, acknowledging the stair issue and that we are not liable?