And remember to declare your rental income on your taxes so you can use that income to help you qualify for the next house hack!

Consulting a lawyer and accountant when tax season slows down but has anyone done this? 

I've got a rental that was a new construction in 2022, so no property tax was defined yet (based only on land value.

Wondering if it's necessary to have a professional to the accounting work as to not mess it up for tax reasons.

Also any advice on how to lower the tax on my flips. 

And now since receiving the official mailed notice, he is exercising his right to dispute the $500 claim for the AC sanitizing.

The Augusta Rule, known to the IRS as Section 280A, allows homeowners to rent out their home for up to 14 days per year without needing to report the rental income on their individual tax return.Originally created to protect residents of Augusta, Georgia who would rent out their homes to attendees of the annual Masters golf tournament, the Augusta Rule applies to any taxpayer who owns a home in the United States, provided that your home is not your primary place of business.How Does it Work for the Homeowner?

DTIs do not apply, not tax return / personal income eval

Low taxes and regulations. 

30 year fixed, low interest rate DSCR BLANKET loans (put multiple 1-4 unit properties under one loan for cash out or for purchase).Ground Up Construction loans for aspiring developers with NO Experience100% Financing on Fix and Flips (just pay closing costs and prepaid taxes/insurance)Fix and Flip financing that requires no appraisalHELOCS on investment propertiesBuilder's Forwards (for medium to larger developers who want to hedge interest rates on their properties they plan to sell so they can offer "low builders rates").DSCR loans for long term AND short term rentals (I think this is becoming more and more common, but some people have still never heard of this).And so much more!