![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1128036/small_1695219928-avatar-tulan.jpg?twic=v1/output=image&v=2)
19 September 2018 | 5 replies
Partnership is the default classification (you would need to elect to be taxed as a corporation).
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/720541/small_1621496063-avatar-orif1.jpg?twic=v1/output=image&v=2)
3 October 2018 | 14 replies
There's no set date, but per the Presiding Judge's order, the sheriff can't evict anyone if the temp is below 15 degrees, or weather is too extreme.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1037104/small_1621507888-avatar-kenth22.jpg?twic=v1/output=image&v=2)
17 February 2019 | 4 replies
They told me it takes 10 days to process the application and then 2 days for the money to be deposited into your account (5+ days if you elect to have the check mailed to you).
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/986696/small_1694603825-avatar-jogoldy.jpg?twic=v1/output=image&v=2)
20 September 2018 | 12 replies
If you make more than150k from w-2 , it might be better not to make a election and take deprecation over the 27.5 years because You can’t deduct rental losses against your w-2 anyway.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/361264/small_1621446623-avatar-jenna1.jpg?twic=v1/output=image&v=2)
20 September 2018 | 20 replies
No, Rent rebates/reductions is a business practise you do not want to set a presidency on with these tenants.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/856268/small_1621504525-avatar-sicem2006.jpg?twic=v1/output=image&v=2)
19 September 2018 | 3 replies
Between trade wars and politics going crazy right now my bet is the next election cycle is going to shake things up.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/853017/small_1696494891-avatar-ashleya31.jpg?twic=v1/output=image&v=2)
20 September 2018 | 4 replies
If you're expecting $100k net in year one it's well worth it to add a tax CPA/EA to your team of external partners.An LLC with an S election might be the most advantageous avenue to pursue.You would have to pay all employee-owners 'reasonable compensation'.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/462969/small_1621477760-avatar-benb39.jpg?twic=v1/output=image&v=2)
10 October 2018 | 45 replies
Most undergraduates spend an inordinate amount of time taking "electives" that they neither need or add any value to their major.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/464038/small_1621477804-avatar-dartshi.jpg?twic=v1/output=image&v=2)
28 June 2019 | 11 replies
"All you need to do is invest a recognized gain in a Qualified Opportunity Fund and elect to defer the tax on that gain."
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1112451/small_1635416688-avatar-masonc28.jpg?twic=v1/output=image&v=2)
3 May 2022 | 3 replies
If you elect to convert gross leases to NNN leases, you'll most likely need to reduce the rate so it is equivalent (or maybe slightly above) the amount the tenants currently pay.Before you walk down this road, make sure the commercial units are separately metered.