Thanks you for sharing.Question, as I pay down the principal on the entitlement, does that me the entitlement goes down too?

You do need Form 4797 to calculate and report depreciation recapture and pay tax on this portion. 

The $85 - $125 copay is the same you would pay for a trip charge by a local contractor. 

It would probably be worth a phone call to the Garland Planning and Zoning department to ascertain which areas are permitted to have short term rentals. 

Remember, unique amenities can make all the difference in a crowded market, so the more you add, the more you will stand out, and it will pay off.Utilizing a dynamic pricing software is crucial for ensuring your property is always competitively priced, maximizing bookings and revenue.

I have a few properties in high traffic areas with at I plan to utilize by putting up some “we buy houses type signs”.

Wendy's used to pay rent for the parking spaces but the new restaurant has not been paying rent. 

We dealt with rentals, flips, commercial, small apartment complex developments (~10 apartments), sport facilities, and a few government contracts.We are actually very open to different opportunities and investment approaches, but our plan was to start "smaller" with some cash deals in NJ (maybe somewhere in the area between Staten Island and Philadelphia, but staying in NJ), by flipping a few smaller properties and starting to generate some income.

Hey Jessica, Did you pay for any of the rehab upfront that was not completed?

I heard they arent paying their landlords.