I’m not 100% sure if I’m making a mistake in my calculations, but each time, the taxes take a surprisingly huge part of the cash flow.Any feedback/real-live experiences will be highly appreciated!

Your plan is sound, but you want to make sure your whole family is on board and understands that you will be living next door to a tenant who may knock on the door at any hour.

Cousin A currently lives in one half of their primary residence and rents out the other half.Cousin B has a rental property they want to get rid of by doing a 1031 exchange.If Cousin B buys 50% of Cousin A's house as tenants in common, can A & B essentially switch over the rental income to B, whereby B reports all rental income and expenses on their taxes and A reports no rental income and expenses?

:) Kristen Cabasrrus county:Local Market Update for May 2024Key Metrics 2023 2024 Percent Change Thru 5-2023 Thru 5-2024 Percent ChangeNew Listings 310 371 + 19.7% 1,416 1,613 + 13.9%Pending Sales 299 276 - 7.7% 1,400 1,291 - 7.8%Closed Sales 296 290 - 2.0% 1,153 1,172 + 1.6%Median Sales Price* $368,000 to $395,000 + 7.3% $360,000 $390,750 + 8.5%Average Sales Price* $398,575 $426,621 + 7.0% $380,709 $427,450 + 12.3%Percent of Original List Price Received* 97.7% 98.2% + 0.5% 95.9% 97.8% + 2.0%List to Close 82 79 - 3.7% 95 88 - 7.4%Days on Market Until Sale 34 26 - 23.5% 45 35 - 22.2%Cumulative Days on Market Until Sale 37 27 - 27.0% 48 38 - 20.8%Average List Price $433,005 $476,998 + 10.2% $432,125 $452,474 + 4.7%Inventory of Homes for Sale 354 469 + 32.5% -- -- --Months Supply of Inventory 1.4 2.0 + 42.9% -- -- --* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.Entire Canopy MLS Area —Cabarrus County —Current as of June 7, 2024.

Wethink it’s important as it allows us to check for Non-Sufficient Funds (NSF) issues and to determine if anapplicant is living paycheck-to-paycheck.

They are saying if a person lived on the property for more than 14 days contiguously then their damages can't be considered vandalism.

There are different strategies to take advantage of, from live flip to acquiring units (many coming online).  

I live central New Jersey and am under contract for my first duplex.

The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories.

Should I consider lowering the rent price further, renting to these concerning candidates, or pivoting to a short-term or mid-term rental strategy (considering I live out of state)?