Purchase price: $360,000 We bought this stacked duplex, lived in one unit for 2 years and moved on.

They claim only 2-3 percent of the companies are audited so the more clientele they have the percentage of audits will be less even if they make some calculated risks.Few Deductions they highlight which you can get with proper planning and right CPA.1) 119A - Revenue stream bifurcation2) Augusta Loophole 280A - use primary residence for 14 days of business and pay you back without tax implications.3) Paying your medical and children education fee using c-corp4) offcourse the famous charitable llc - another program and package.Thanks for the insight.

So we don't have guests in our living space anymore."

I am exiting the rental market here (love living here tho). 

My client's living room is completely unbalanced and odd looking because this wasn't done, which I had to hide with some fancy drapery "magic" that was expensive.

You can actually still find deals where I live in the (very) low 5 figures, and in some cases, still in the mid 4 figures.

Some questions to consider:1) How much negative cashflow can your other income stream(s) support?

I live in the Washington DC area, and I would love to connect with anyone willing to. 

100% nightmare tenant that will likely get surprise roommates and a zoo of unauthorized pets while they live there and then claim "oh I didn't know that was against the rules".

It's vital to know which state you live, where all your properties are located, your homestead (if you have one), values and type of REI business you have now and what you want to have in 3-5-10 yrs to have the right set up for you.