Hi all, I want to start the conversation about common mistakes when doing a BRRRR. 

Is this a common practice?

It’s a very common misconception.

As I understand it 100% deduction on expenses that are soley related to the business or the rented unit, 50% deduction on expenses that relate to the general property as a whole ( mortgage interest, insurance premiums, common area repair expenses).

You probably also have an opportunity to trim some fat on your PM fees if you still want to outsource the management because that's heavy.

Roots are very common in cast iron as it slips in between the joints.

Is that common?

You can do a 1031 to a TIC (tenants in commons) with your MIL, where you will both own a proportional share in the property.

Would love to connect, both DSCR and Hard Money are great investor-friendly common loans.

This is fairly common in college towns so I'd recommend verifying that before going off on a buying spree.