We have our eye on an interesting property, and are seeking some guidance on an appropriate offer. 

This amounts to approximately a 3.2% rent increase, which is likely above the CPI+2% on the OTA site, however this is my only property and my understanding is that guidance may only apply to rent controlled properties.So my question is, am I okay with that rent increase or do I need to stick within CPI+2%?

This amounts to approximately a 3.2% rent increase, which is likely above the CPI+2% on the OTA site, however this is my only property and my understanding is that guidance may only apply to rent controlled properties.So my question is, am I okay with that rent increase or do I need to stick within CPI+2%?

@Michael Ablan thank you for the guidance.

I talked to other CPAs who work with local investors and was told as a W2 employee, there aren’t many benefits, and for my wife to become a full time professional, I need at least 10-20 units to justify the hours incase I get audited by the IRS.I’d like to ask if there are any W2 high income earners here or CPAs who work with W2 high income RE investors that can provide me further guidance.

I really appreciate everyone reaching out with some guidance and I will keep BP informed on how my progress is going.

If you need guidance into which areas to invest in or stay away from let me know. 

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.

Hey all,I'm definitely in the new camp. I would like to house hack, I found a duplex that's a 1/1 for the first unit, and a 3/1 for the second (room/bathroom.) Below are the number's I've come up with. Honestly I'm no...

A lot of forum members are experts in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, buy and hold investing, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.