Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

It will be triggered upon sale OR refinance, so if you think you might want to refinance in the next couple of years (or at least have the option), you may want to consider a shorter penalty length. 

Please feel free provide your thoughts and advise.Thanks in Advance

Keep 3-4 houses and have them mortgage free.

@Stephen Bruce Tenant leaves system for free agreed to in writing by both parties or tenant removes the system and returns property to move in condition.If the systems stays, the next tenant can use as-is. 

@Seth KristianNot an attorney but fractional reserve lending has been challenged in the past as have mortgagesIn most cases unjust enrichment can come into play when it’s disputed but if you did not receive the $, you cannot say you don’t owe it back.If you want a crazier case read greenleaf case in MaineThat one is actually case law (this one Daly had it overturned).Free homes in Maine forMany if they knew about it.

@Brianna Johnson you’ll need to find out from your mortgage company how much extra you can pay into an escrow account because many have overage triggers where they’ll send it back to you if it goes over their limits.

Do they offer a nationwide learning forum where you may view videos 24/7 from the company's best agents who train you for free?

Hoasty.co does free AirDNA reports you may want to leverage, and you can submit an unlimited amount of units to get the data.