The contractor comes back out and says they didn't add enough freon and adds more and says it will be freezing by the following day.Of course, that wasn't the solution either and now the tenant is furious and is a bit irate, he feels that we should reimburse him for $180 for food that he wasted.

This is due to a special rule under Revenue Procedure 2002-69 that states that a LLC owned by a husband and wife in a community property state is also considered to be a disregarded entity and for tax purposes, the property is treated as if it is owned directly by you and your spouse.

View report*This link comes directly from our calculators, based on information input by the member who posted.Curious what you all think about this deal?

As I sit here at my J-O-B sharing my first post to the bigger pockets family, I would like to get some feedback/ direction.

Since the rents make the mortgage payments I want to say keep it, but any CapEx and repairs (already had to replace both AC units) come directly out of pocket. 

I recently rolled over a 401K to a Self Directed IRA and have an opportunity to buy a house in a somewhat rough area, but a solid house with good rental potential.

View report*This link comes directly from our calculators, based on information input by the member who posted.

I personally think this is a safe solution.

*This link comes directly from our calculators, based on information input by the member who posted.

I can think of directly investing in buy and hold SFR or MF and Apartments, fix and flip, Syndications, Air BNB/short-term rentals, mobile homes/mobile home parks.