House hacking will also give you some personal "property management" experience.

In my experience, I have witnessed both positive and negative impacts on property values since I started selling real estate in 2005.

It's also nice to include some photos if you want things staged, or the coffee table items arranged a certain way.

Some examples of this would be 1) depreciation calculations such as switching from straight-line depreciation to accelerated depreciation (often used for cost segregation studies when not performed in the year placed in service), 2) income recognition, and 3) inventory valuation such as changing from LIFO to FIFO.Correcting a mistake: If you realized that you used an incorrect accounting method after you filed your tax returns, you can file this form to request permission to change to the correct accounting method so that your tax reporting is accurate.Here’s a chart that you may find helpful when deciding whether you need to amend your return or file a Form 3115.As always, I recommend consulting your CPA or tax advisor as the rules can be complex.What is your experience with filing a Form 3115 or amending your tax return?

I am looking at doing an owner financed deal in Palm Coast, FL and wanted to see if there are any others out there that have experience in this area.

I'm experimenting with local trade shows and bus ads, but curious to see what others are doing out there and if that is working well for them!

@Kiran NathaniFeel free to reach out and happy to share our experience and what to look for

Given your experience as an investor, I would greatly appreciate your advice on what you would do in this situation.

This experience reinforced the value of strategic planning, efficient execution, and the potential of low-cost improvements in real estate investments.

In my experience sometimes a business plan can take a year, and this is especially true if you do not have a chart of accounts to start with from an ongoing business with numbers associated with it- I mean cash flowing through the accounts overtime.