So you can deduct the cost of the travel while catching up with a friend or family member.

@Yogesh BhadaneScenario 1, you are factoring in Depreciation and PITI.Principal is not deductible for tax purposes.Furthermore, you may be forgetting other expenses such as travel, utilities, etc.I am still confused how after depreciation and PITI, the number is positive $10,000 but net profits becomes -$100.how is a number higher when factoring in depreciation?

I also want to be able to travel a little more, financial security, help others, and do other items on my bucket list. 

The LLC also owns personal property related to the construction such as trailers, tools, etc.I don't want to put the first SFR in the LLC just yet because it has a mortgage with a due on sale clause. 

Apparently Asian folks want a passport to travel the EU without visas.

Hello BP'ers - We are currently underwriting a mobile home park with all park owned homes.>>>The homes are in bad shape and the repairs line item eats 1/3rd of the Gross Income!Does anyone have any tips or ex...

Hello BP'ers -We are currently underwriting a mobile home park with all park owned homes.>>>The homes are in bad shape and the repairs line item eats 1/3rd of the Gross Income!Does anyone have any tips or exp...

I do travel back home often so I am checking on the work.

The best part is we traveled to the property 1 month after closing and there are 14 renovated units all under budget, with rents averaging $25 more than we projected.

Have you considered the travel nurse option?