Business Plan:Start with a clear plan.

Business Plan:Start with a clear plan.

@Erick AcostaS-Corp can potentially save you on payroll taxes.There are costs associated with the set up of an S-Corp(election costs, payroll tax return costs, income tax return costs, etc).It only makes sense when the savings of the payroll taxes will be more than the administrative costs.You should definitely consult with your tax advisor on if it is right for you.

I’m having a hard time finding information on the financing piece of how house hackers build their real estate portfolio – is this plan generally sound?

It is actually currently a rental property (purchased in 2017), I am planning to move into it for 2 years as our primary residence, make some improvements and then convert it into a short term rental. 

Hello All, I am not sure if there is a rule of thumb to how much a design should cost but I received an estimate of $23K for Civil engineering work (site plan, storm drainage plan, site grading, soil erosion & utility plan), $25k for  Architectural and structural and $11K for MEP for 12 units townhouse (2 bed and 2.5 bath) on a slab. 

The steps are basically the same, but it takes that little extra effort and planning to make it happen.

Quote from @Jesse Turner: From what I've seen and heard, construction on the USVIs is very expensive because materials must be shipped in and there is a dearth of labor.I plan on inflating my expense side of the analysis significantly to make up for the expected increase in material costs. 

I do plan on documenting any and all damage or expected damage and claiming upon cleaners getting in there.Appreciate all the feedback.

I plan to rent out the basement but have a couple of questions as this is my first house/house hack:-Littleton rental law considerations (this might fall under JeffCo rather than city of Littleton, can't really tell)-Thoughts on best lease strategy for that area (STR/MTR/LTR)?