For the purposes of calculating the limited interest deduction, the total mortgage debt owed would include both the individual mortgage on Unit A and the owner's share of the underlying mortgage.So, the total mortgage debt owed would be $800,000 (individual mortgage) + $200,000 (owner's share of underlying mortgage) = $1,000,000.Therefore, the owner would be limited to deducting mortgage interest based on this total mortgage debt of $1,000,000, not just the individual mortgage.Thus, the deduction for mortgage interest would be calculated as:($750,000 / $1,000,000) * $40,000 = $30,000Therefore, in this scenario, the owner would be able to deduct $30,000 of mortgage interest for federal income tax purposes.

There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

Digitize physical receipts for easy storage.Additionally, youcan track income and expenses consistently, using software or spreadsheets.I use QuickBooks Online for most of my clients.

Property has a nice view in a middle income suburban area.

Most of my SFR are excellent tenants with solid income and nice neighborhoods. 

Here's scenario:In my early 50's married with 2 kids, good income, live in San Diego, CA.

However, the communication from the corporate office appears to be directly from the owner, Michael, who has proactively engaged with me and my associates through a call to address our questions and concerns.

The new corporate transparency act further degrades the utility of LLC in providing anonymity.

Today I have 48 homes but starting to reduce my portfolio in some areas and looking for completely passive income streams. 

I have been a corporate professional for about 20 years.