If you are the majority owner, the attacker would control your business by virtue of share control.While you have access to a wide range of deductions and the ability to set up fringe benefits without taxation, the biggest tax disadvantage of C-Corporation is the “double-taxation” issue.

The building will not qualify under a standard homeowner's policy.

Well, giving the 1088c does not help Your taxes at all.....you can’t deduct the lost income unless you had already claimed it.

So the IRS allows you to take $1,000 of depreciation deduction for that fence each year.

I even found a portfolio lender that will go 5% down on a 2-4 unit since they keep their loans in house they don't have to conform to the Fannie Mae Standards.

This cost me about $90 - the minimum payment for a house visit which would have been deducted from the actual labor had there been any.

Rental income is shown on sch.E which is not subject to social security taxes (like FICA) but all the other taxes.When you're renting property vs owning, you can't depreciate it but your rent payments are totally tax deductible (vs only interest on mortgage is).Insurance: you'll have to get Tenant or renter insurance which protects the property and your liability if someone slips and falls, set building on fire etc. this is not your professional insurance - just regular insurance you have for your home.I don't see how kind of entity will affect the taxes: if it's just you the owner, LLC will be disregarded entity and shown on your own taxes, only on different schedules.

Everyone that does DDM th "standard way" has less than 1% success rate.

You should also look into the tax implications of a HELOC vs. conventional loan as I recall that there are now limitations around the deductibility of the HELOC interest payments depending on what the HELOC is used for.

Rates are a little higher than standard but origination and appraisal is easy.