. - If you are investing passively in a syndication with bonus depreciation, make sure to vet the sponsor and understand the investment vehicle before you invest.

These questions can help you assess whether a lender is the right fit for your BRRRR project and ensure that you have a clear understanding of the terms and conditions before moving forward! 

These include reporting rental income, allocating expenses between personal and rental use, and navigating new limits on mortgage interest and property tax deductions under the Tax Cuts and Jobs Act of 2017.In places like Hawaii, STRs are subject to additional taxes, emphasizing the importance of understanding the local tax landscape.

Hey Joseph, I 100% understand what you're going through.My wife and I used a HELOC, 401(k) loans, and even an additional personal loan to acquire rental properties in Detroit from 2019-2021 ultimately acquiring 12-doors.We paid cash, renovated when necessary but some were also turnkey, and refinanced out on the backend.

Like you just said it looks good on paper and it seems the most ideal although I don't understand how it is difficult, could you maybe expand on that? 

., sole proprietorship, partnership, LLC).Ultimately, it's essential to work with a tax advisor or accountant who understands your specific situation, goals, and the nuances of rental property taxation.

Do you FULLY & COMPLETELY understand the contract - this is the key.

I understand that a lot will depend on the specifics.

The odds of that are very slim so they are also looking for help to rent a place.

 It's understandable to feel conflicted about whether to use a CRM, especially when you already have a PM in place.