Me and my wife have a house that was our primary residence (no mortgage), and looking to rent it out.

Right now we require two incomes in order to afford the mortgage and looking to downgrade/rent for a while and be a single income household so wouldnt be able to pay the mortgage for the house unless its being consistently rented on FF.

These include reporting rental income, allocating expenses between personal and rental use, and navigating new limits on mortgage interest and property tax deductions under the Tax Cuts and Jobs Act of 2017.In places like Hawaii, STRs are subject to additional taxes, emphasizing the importance of understanding the local tax landscape.

You can also check their reviews online at Google, Facebook, or Yelp.

This should include details about your investment strategy, expected capital injection, risk management measures, and potential ROI.Networking Events and Meetups: While leveraging online platforms, don't overlook the power of face-to-face interactions.

It will also ease him into adulthood where he has to pay bills and manage his own mortgage.  

Has he been making is mortgage payments since February? 

@Kory SantaellaIf these have mortgages you don't need them in an LLC.A LLC can also give you a false sense of security.You may be subject to due on sale clause on your low interest rate loans.

It seems like the income is significantly reduced when there is a mortgage but as a newbie I am trying to figure this out.Thanks!!