Smith, who says he’d been investing in stocks and startups for years but didn’t know much about real estate, says Scoutpads was offering referral bonuses to users who brought new investors to the fund.

As long you clearly identify and track the expense per property (and you can do that in Quicken, with properties, categories and subcategories, or in Quickbooks), you’ll not need CCs and accounts per properties.Here are some graphical diagrams to help you on this quest (or confuse you further): - Asset Protection Decision Diagram - to help assess the need for asset protection, and what to implement: https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-decision-diagram - Asset Protection Onion Diagram - what, when, and at what cost one should implement in terms of asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-onion-diagram-v2 - What is needed for complete asset protection OR the domains that need to be intersected to find asset protection

Any insight on whether the ROI would be worth it or other considerations I am missing would be much appreciated.I have a similar looking 3rd floor space that I just finished making into an office/bonus room.

If you fit this category or the "tier 2" category ($500k-$650k), feel free to DM me and we can see if it'd be a good fit to work together and discuss the process.As a sneak peak, as I don't post or share numbers with non-signed clients, we tend to see 10-25% CoC returns depending on YOU: what you do or do not contribute and the finished product you choose to make ultimately. 

The house will stay in my father's name for now, so we want most of the repairs to be paid by him for depreciation purposes (he will be doing cost segregation and taking bonus depreciation later this year).

You don’t get the same benefits as newer STR as your purchase date was before 100% bonus depreciation.

Appreciation is "bonus".

I can see why wholesaling is so prevalent in low value asset category who is going to do all this for 1k commish on a 30k ghetto dog.

So for example, a 761 credit score will be in the 760-779 credit category, then going down to 740-759 and so on.2.

Bonus depreciation doesn’t count against your income calculation.