Each of these variables will dramatically change the advice I give the individual asking me this question.

Owner has paid $40,000 in interest in 2023.The owner is limited to $750,000 in deductible interest.For the purposes of calculating the limited interest deduction, should the total mortgage debt owed be $800,000 (the mortgage on the individual unit) or $1,000,000 (the sum of the mortgages on the individual unit and the owner's share of the underlying mortgage)?

I am new and looking to get into STRs that would also allow my family to vacation for free... i love your vacation 4 free model! 

In general,LLC will provide basic asset and liability protection and allow you to get its own bank account, where you can receive money, pay expenses and distribute profits.

This is an important status for people to go for since it allows you to write off losses from rental activities on your other active income. 

Hopefully everyone will get some strong drops in costs and allow new buyers to move in.

Just make sure you're allowed to list items for sale on the group. 

@Catie Fihn It will be hard to enforce it but tell them your insurance no longer allows for it and they need to smoke outside.

We're Ruth & Sam - aspiring real estate investors in the Bay Area, eager to learn from experienced individuals like yourselves.

Network with other like minded individuals and learn learn learn.