While I have kept good records and receipts, I am having a difficult time figuring out what items I'm able to immediately write off as "supplies" and which need to be depreciated.Where I'm running into difficulty is things like second-hand furniture...

if you did inspections of the property during your purchase due diligence, you will probably have a list of deferred maintenance items...you could offer to fix some things or do some improvements, providing that they pencil out for you.

Modular is taxed, appreciates and sells the same as a traditional or stick built.Mobile is pre 1976 single or double wide. manufactured is 1976 to present.Hope this helps.

Unlike traditional financing (where you should get a pre-approval before shopping for deals), hard money is centered more around the property than it it around your personal finances.

You need some other due diligence items along the way after they approve your deal like inspections, surveys etc.

@Shawn Ackerman okay, so if itll rent for 800 with a traditional in the sandwich lease option with 25% added to it, i would charge the new tenant 1000$?

One company owns everything and does nothing (this is your SLLC a/k/a "asset holding company") and a completely separate company handles all of your operations (this is a traditional LLC a/k/a "operating company") For the operating company which serves as your face to the world and through which you do all your business, you establish a Traditional LLC to carry out the operations of your investments.

One company owns everything and does nothing (this is your SLLC a/k/a "asset holding company") and a completely separate company handles all of your operations (this is a traditional LLC a/k/a "operating company") For the operating company which serves as your face to the world and through which you do all your business, you establish a Traditional LLC to carry out the operations of your investments.

I think you’re right, the homes here are interesting and definitely not traditional by a national standard.It also makes it difficult that vacation rentals are technically illegal, since there is such a large quantity of them.

But sadly I've seen and heard fairly experienced investors talking about cash flow, not taking into account some of those items.