They are concerned that after we pay for the research to find and locate tenant and their bank account, they may not have anything to pay with.

As my research if income AGI over $150k you dont get to write off a lost on your rental.

(Can I use the estimated cash flow of the house as proof of income for mortgage applications?)

So you'll need to look closely at that to accurately determine your new basis.Work with a good tax accountant on this.   

In a few months, we will be receiving a significant amount of income as a lump sum that would pass through as schedule K income after the LLP's deductions for the 2024 tax year.

Both options have merit: the standalone approach allows for independence and customization, while the duplex route offers potential rental income.

So either 1- we find a new Accounting firm or 2- don't do the study Anyone have experience with this specifically for SFR and for an STR 

My name is George and I'm looking to learn more about the real estate market in and around Denver with a focus on finding a small multifamily property (3-4 units) to live in and rent out the other units for passive income.

I've also started to assemble a potential team based in the Beaufort area, including attorneys, property inspectors, and an accountant.

Hello, I have a few rental properties and I am looking for a program that tells me the overall performance once I input income and expenses.