.- There are options for suites and adjoining rooms, which have been popular options for people bringing families because they love the idea of a tax write-off vacation!

This also creates a relationship with your tenant.If I have concerns, and I rarely do credit checks, then I ask the tenant to pay a $50 application fee and use avail.co to apply.

Some questions I have: -What is the capital gains tax situation on something like this?

Hi all,Spent all morning trying to research this and get conflicting answers, so let's try the BP hivemind.1) Is depreciation recapture ALWAYS taxed at 25%, or is it taxed at your ordinary income rate UP TO 25%?

They charged a flat fee of $35. 

So I paid a tax pro to do my return, first year was fine, this year she took my money and ghosted me.

I have to pay a service fee and will only pay online (That started about a year ago) Ans part of the parking lot caved in

Hey Scott, working as a property manager in multifamily with tax credit and conventional units, we have many cases where people have other sources of income, whether alimony, social security, etc.

It seems like everyone focuses on choosing certain states based on rental laws and fees and fails to mention the the primary LLC should be in the state where the property is- in which case the the other state options are not helpful.The wyoming legal office did offer to set up a parent company under which my other LLCs be owned-- which I understand that concept.Thanks again!

If it sits vacant and you are paying a mortgage, insurance, and taxes on a deal, I agree it wouldn't make sense.