By 2025, Millennials are expected to form 20 million new households in the U.S. 

What's your household income?

On line 15 of the worksheet for Schedule D the taxpayer enters $38,600 if single or married filing separately or larger amounts if married or head of household.

Factor in 50 to 70K household income can't really take you far here. 

There are now two households hosting families and they are expecting to grow

I hired an attorney to create and file a document called a "condominium declaration."   

Given some lawsuits that have been filed that have reached the Supreme Court in Puerto Rico regarding the use of Condominium units for short term rentals. 

If you're purchasing a rental property, the market rent (about 50%) can be used to qualify in addition to your annual household income.

Just wanting to make sure we are looking at everything correctly before we get out of due diligence.PP: $305,000Seller is contributing $9150 to our closing costs and we are putting 5% down.HOA is $500/year and taxes were roughly $2800 last year.HOA has no rent restrictions but does have a clause in their bylaws concerning household composition.

Purchase price: $450,000 Cash invested: $1,500,000 This project involved renovating an old commercial building in Oakland into five live/work condominiums.