Some areas may have specific rules regarding the percentage of time you need to reside in the property.Remember that real estate investing is both an art and a science.

There is a time to create chaos and there is also a time you better know your 💩No equity / no cashflow deals do have their place for certain investors.

We've been using a proprietary tool (an Excel) that we created about 15 years ago.

*This does not create an attorney-client relationship. 

There are many CPAs here and many investors who think they are CPAs.The key issue to understand is: you cannot create any tax losses from renting rooms in your house.

We try to advise investors not to purchase in over densified projects, there are some developers just trying to maximize profits for them and developing projects that in my point of view are not the best for the long term, it creates what I call nightly rates cannibalisim between owners lowering ROI, it also doesnt work on your favor if you ever want to flip it. 

Would it be better to create an incorporation for management?

I hope that understanding this will make it easier to have conversations about tiny homes and explore your options about creating villages.Also, I am super interested in learning about how the laws differ from state to state.

. - Plumbing issues have been ruled out.

Cold SMS is getting harder to do due to the new A2P compliance rules in effect the last 6 months.