I've been careful to avoid that issue, and spent the last few months trying to learn as much as I can.

I guess when the GP and the middlemen involved in cost segregation studies proudly state its benefits, they are talking about the benefit to themselves rather than the LP.If your losses are not much then no need to file the state return as the money spent in filing the state return is way more than the money saved by capturing the losses.Did your cpa mention how the passive carry over losses are accepted by the state when they were not already recorded by filing a state return in the prior years?

Every minute spent getting better at one of these professions comes at the expense of the other.I WISH I had listened to those who tried to tell me this 20+ years ago...

But if there isn't, I guess it will simply remain a black box.

Buy inexpensive ones from a local box store.The other option is visit a few thrift stores to look for curtains.  

hi everyone, this is my first time posting to bigger pocketsi am an airline pilot in my mid 30s and looking to create a new life for my wife and myself and our baby on the way. i have dove deep on BP and been scouring the bookstore and the podcasts and learning as much as i can about investing in real estate. we currently live in a 1b/1ba home we own, and no longer owe any debt. i bought it for $120k in 2015 with 2br/1ba, met my wife the next year, she moved in and we gutted it and rehabbed it ourselves (aside from some structural flooring stuff and the final electric and water connections) and blew the tiny bathroom out into the adjacent bedroom, making the house a 1br/1ba. we did all the framing and flooring, paint and drywall and fixtures ourselves. we plan to add an additional bedroom or two, and possibly another bathroom, in the unfinished attic at some point. i was granted a HELOC for $120,000 with my local bank after it got reappraised a month ago at $163,000. i think we spent around $25,000 on the rehab so i'm feeling pretty darn happy about the situation. obviously the covid exodus from boston and new york have pumped real estate prices but we dont really plan on selling any time soon; but possibly renting it out if i get relocated for work.i am trying to find my first investment deal, and my wife and i have narrowed down our plan to aim for a rental with cosmetic rehab and solid tenant base. we thought about house hacking. i'm not sure of where i'll be sent next with work, but i will be sent somewhere else soon. our local market (vermont) is not very landlord friendly so we are looking at long distance, self-sufficient rental as our first investment. i am leaning toward student rentals, and after searching and comparing prices and stuff we have chosen to focus on a few different college town markets in the TN, KY, WV region. i have found a property i think might fit. its a triplex with three 1br/1ba units and off street parking, split utilities, w/d in each unit, located a half block from campus. it seems in decent shape, its been on the market over 200 days, and is listed at $190,000 in a market i believe i can ask at least $750 per unit for rent, which would bring my cash flow to near $1000/mo if i used the calculator correctly.what next??

That form is a formality which almost EVERY tenant will qualify for and not hesitate to check the box and return - so, how exactly does it HELP the LL? 

Don't tell the IRS, but when the properties are going well, my only time spent is just cashing the checks, which I rarely do with electronic payments. 

Most of my adult life has been spent associated with the military and federal government in some form or fashion. 

How would you handle tenants panel box access with the following scenario:  I have an up/down duplex with an apartment on the 1st floor and one on the 2nd floor.