I researched all these different corporate structures very in depth when i was starting and now that I look back, I wasted a lot of time trying to "protect" myself from the 1 in a million things instead of just focusing on the main goal of acquiring and operating RE assets.

However, if it happened before your business started, then it is called start-up expenses under Section 195 of the tax code.

Hi All, I’m just starting out and, following the advice of a mentor, I’m trying to find an attorney who deals with real estate transactions and issues.

Account Closed In my experience, once you get burned a few times as a landlord, you develop your own "deal breaker" rules that you stick with as a policy. 

I find that converting the property into a duplex is a lengthy and costly process, and I want to start renting it legally without going through a long process, because I've spent for rehabs and don't want to put in more for now.

I believe you can pay extra for a local number, I use the one they gave me which starts with 321.I don't get that many faxes, but sometimes when computers are not working, or contractors have to go to Kinko's to send a scan of something, it's easier for them to fax.

As a local team lead focused on investment real estate, we often start by analyzing comparable properties and historical data to get a baseline for expenses.

Purchase price: $726,000 Cash invested: $1,300,000 Sale price: $4,500,000 We are developing a 4 story a luxury Duplex.Property is primed for short term rentals with conservative estimates of ($40,000-$50,000) per month.

Myth: Getting your license means you will start to get business and sell homes and earn commissionFact: Selling homes, lead funneling, closing deals, handling clients is hard work and you must bust you A** to find clients. 

But that's a fair starting point.