He has since made around $3.5 million in 10 years using his minor (in real estate and related activities).Food for thought ...

They did however have plenty of food laying about.  

It is a personal expense, just like your food expense. 2) Repairs made on the duplex are deductible against the rental income.Improvements:1) Improvements made on personal side are added to the basis of the property, but you cannot depreciate the personal side of the property.

Congratulations on being ready to pull the trigger Ashley.But first here is some food for thought...The 70% rule only exist as a frame of reference for most fix and flip, buy and hold, and BRRR investors because it is right around the LTV Maximum that most Hard Money Lenders will lend at.That is an overall industry thing put in place to protect lending.  

As long as you roll the total amount from your sale into the 1031 purchase, and don't have to pay taxes on "the boot," you can maintain some flexibility to buy more when you want - since you're not under the gun to deploy a larger amount of capital to avoid taxes.Just some food for thought...

How do you deal with guest liability for water sports and food in the stocked kitchen?

I guess I think of tenants looking for an apartment going into an office and having all units to choose from and onsite property manager conveniently being there to cater to the tenant.

Food & Beverage: 424.

I recently read "Set For Life" and started to make my budget and with moving into a friends apartment, downgrading my car, making my own food for the week and taking steps to cut down on my "party" bills, I will be able to save an additional $1500 per month.

RickSome food for thought.