So definitely no cushions on anything besides your typical living room and bedroom furniture.

Coming at you live from Nashville, fueled by today’s amazing beef jerky and caffeine of choice.

You want to invest just to have a place to live and potentially offsetting your mortgage payment by renting out the vacated rooms or having x amount of cashflow in the future?

Are they able to live in the house and use it? 

Sometimes it feels like I am living paycheck to paycheck due to always trying to catchup with the debts.

I see a lot of need for hosts to connect with others to share best practices, problem solve, make connections and so on in a live, interactive way so that is the purpose of this group.

Every person who signs the lease is responsible for paying regardless of whether they live there.Might be a good opportunity to use cash for keys.

Plus, you can listen to them while you're in the car or doing other things.Attending some live events is also really helpful.

Living & investing in Southern California forced me to learn creative strategies in both marketing & acquisition to competitive.

The three most common approaches include:Cost approach: An estimate of the replacement cost less depreciationIncome approach: Calculation of estimated potential rental incomeSales approach: Uses comps of recent transactions on similar propertiesBe sure you are leveraging the tax incentives availableIdentify any applicable tax incentives available for commercial properties - historic tax credits in certain areas, opportunity zones, environmental sustainability, etc.Understand available tax deductions, credits, and rebates - Tax deductions decrease the taxable value of a property, tax credits directly reduce your tax liability dollar for dollar and tax rebates are a refund of taxes paid under certain conditions.Utilize a cost segregation study - Cost segregation allows you to reclassify assets into categories with shorter useful lives, therefore accelerating depreciation and creating tax savings.Leverage energy incentives and deductions - Look into the Section 179D deduction and how you can save on tax by meeting certain standards to make your property more environmentally friendly.Best practices for commercial real estate owners and monitoring their property tax regulations:Plan proactivelyWork with a professional to receive guidance on complex regulationsUtilize specialized software tools to drive efficiency and compliance.What questions do you have regarding property tax valuations?