Hey guys, I bought a house in South Carolina this year and I was told the value of the house is being re-assessed this year for property taxes.

This is all I do, and essentially most of what I talk about across the 550 episodes of BiggerPockets Money with @Mindy Jensen.

What made you interested in investing in this type of deal?

The lone exception I can think of would be a scenario where the project  has highly customized materials or materials with long lead times.

For cash buyers, this deal presents a more viable opportunity.If you can overcome the gross weather, look deeper in this market.

The way to handle it is to allocate expenses based on the percentage of the home’s square footage used for rental purposes.Here’s how it works:Calculate Rental Percentage: Add up the square footage of both the in-law suite and the rented room, then divide by the total square footage of the house.Apply This Percentage: Use this rental percentage to deduct a proportionate share of expenses like repairs, utilities, and mortgage interest.This post does not create a CPA-Client relationship.

I think the only state that has this carve out.So this is a very sophisticated scam..

@Chris SeveneyI do want to minimize liability considering I intended to have multiple properties under one LLC capped at 10 just because somewhere along the line I was told this is good practice.

Let me summarize this for you again, I am not seeking a legal advice, I need hand holding to confirm I am reading the semantics of the deal properly !

I feel like I can't mess up with this one.