From my understanding, if its passive income, just a room-by-room rental, it would go on your schedule E just like any other rental. if its active, like a short term rental situation or mid-term, something like an airbnb or bed and breakfast where you're actively including extras, it would be filed on a schedule C. disclaimer, im not a tax person, so double check this with your tax pro. when you go to qualify for your next purchase, whether that's for primary or inv., using a full-doc loan... if its schedule C, you would need to do a 2 year average of this income in order to use it. its looked at as a business, and self employment income. if its schedule E, theoretically you could use the schedule E income calculations just like any other rental even after the first filing.

This should be interesting as better agents who have more business will naturally keep the firm at higher commissions, leaving less experienced agents with more low-priced business.Uninformed sellers will push back on including buyers commissions in the sales price resulting in less competition and lower prices on those homes.Uninformed buyers will self-sort out of the market unless they meet a great agent to explain their options.

The area where I dont have detailed time logs is prospecting / relationship building for my real estate business which is 100% SOI, Social media posts/stories, attending social events, networking events, friend/family events, etc.Side note...we have no kids so time to do both jobs is abundantly available.

You see people talk about multi family bc it's the hot cool thing on social media(in my opinion) you can get great deals on single-family.

Total sale price less all expenses paid for that property, including purchase price, is your profit.  

Back then, it was just me, I juggled a kaleidoscope of tasks: managing social media for an investor, scheduling appointments for a life coach, and writing website copy for a realtor.

Tons of great tips on how to grow your investor side of social media and keep your posts relevant.

Additionally, the structure for these porches is commonly undersized and may need repair work including but not limited to sistering joists and providing steel angle brackets at the notched beam to column connections.

When I sell commercial multifamily, about 50% of the time my buyer pays me directly and about 50% of the time we include in our offer that the seller pays my fee.

The more you use this Forum, the quicker you'll find what information to include in your posts.