I’ve been working with real estate financials for a while, and I keep seeing one mistake that costs investors thousands: poor bookkeeping leading to missed tax deductions.🚨 Common issues I see:❌ Not properly tracking repairs vs. capital improvements❌ Missing out on cost segregation & depreciation write-offs❌ Scrambling at tax time instead of planning proactivelyI’d love to hear from the group—what’s been your biggest tax headache as an investor?

This can be very expensive and is usually the worst choice because you can't justify the cost.2.

If you are going to be an owner-occupant, want a low down payment, and are planning to do a renovation, the FHA 203k and Fannie May Homestyle loans are your best optionsHow do you know the property is currently upside down on the mortgage? 

* The conversion would be costly. 

HelloOver saturated STR in Ohio markets have caused many STR to drastically lower costs to as low as  $100 for entire bedroom home.My are higher and I'm not competitive with the lower cost Abnbs.I also feel hotel industry are mass building new hotels to compete with str. 

Blue Gate Capital strung me along until very close to closing and almost cost me the deal.

But the cost of maintaining and filing an entity correctly is much higher and also needs to be considered. 

Will it cost more?

Vacancy hurts a bit more, but the biggest issue with renting out large homes is turnover cost.

The cost is minimal and I am smoking the closest competitors in my market.