So, by transferring income from a rental schedule E to a business schedule C you're creating a significant extra tax.

Feel free to DM me to schedule a call, I’d love to help you out with this purchase!

Otherwise it is the tenants responsibility to schedule the maintenace when they can provide access.

Brian, I believe you can still deduct the mortgage interest and property tax on Schedule A as a second home if you itemize in 2024.

Maintenance and UpkeepRegular Inspections: Schedule periodic property inspections to address maintenance issues.Emergency Repairs: Have a plan in place for unexpected maintenance needs.Furnishing the Property: Budget for necessary furnishings and appliances.7.

Feel free to reach out and we can schedule a call.

Fees:The Set-Up Fee is $50The IRA Annual Fee is $275 (flat fee regardless of the number of assets & regardless of the account value)The Direction of Investment fee is $10**The Wire Fee is $15See our fee schedule for Crypto-currency feesPlease refer to the fee schedule to see metals storage costs.

Depreciation schedules remain unchanged unless the LLC is taxed as a partnership or corporation.

Personal Financial Statement Borrower’s Schedule of Real Estate – or- Resume illustrating experience2-3yrs Personal & Property Tax Returns – All schedulesPrevious Year and YTD Property Profit & Loss statement w/ detailed expensesRent Roll w/ detailed lease informationCopies of all Leases3mo.

Working on an owner finance deal and I'm curious what technology you use to keep track of payments and amortization schedules.