Failure to meet material participation rules will limit rental losses to offsetting passive income or carrying forward.This post does not create a CPA-Client relationship.

Keep records of the payment timing to substantiate your reporting if needed.This post does not create a CPA-Client relationship.

If you drop your relationships and family that is a missed opportunity that does not bounce back.

Relationships are key -this off-market deal was found through a longtime realtor friend and my last seller financed deal was through a landlord/client I worked with for several years. 

If said guru also has a relationship with an LLC creation company that over-charges by thousands of dollars, then it’s obvious why they tell you that you need one!   

Union.establish local relationships

I want to build a lasting relationship that will help grow your business, help grow your agents business, and know that you can come to me with any questions or help.Let me know if that makes sense and thanks in advance for the response!

Instead of platforms like Angi, try building relationships directly with contractors, architects, and developers.

Stay disciplined with your numbers, build relationships with local investors and agents, and be patient, good deals will come with persistence and the right approach.Good luck!

., managing bookings or tenant interactions), which could subject it to self-employment tax.This post does not create a CPA-Client relationship.