With a C-corp, you must pay a flat 21% income tax rate on your net taxable business income.

The podcasts are a great source of information but lean on these forums whenever you have questions.

Use a non-abrasive scrubber or dish soap to clean the cooktop, and consider using a scraper for any stubborn, burnt-on stains—just be careful to avoid scratching the surface.

Depending on these regulations, you might need to maintain a means of exit from the basement unit, such as a separate entrance to the outside, or ensure that the stairs remain accessible but secure.

Engaging with online communities such as BiggerPockets can also help you learn from experienced investors and explore different strategies.

Good luck on your journey.

Like many real estate projects, we expect her to bring:- Joy- Wonder- Tears- Unexpected Costs- Anxiety- FulfillmentExcited to embark on this ultimate life project and grateful for all the support as we “build” our family!

I don't know how much more I should plan on fixing or investing into it.

Assuming it's written in your management agreement somewhere that states the owners are current on all financial responsibilities related to the property, does anyone require them to actually provide a current mortgage statement, HOA payment record, taxes paid, etc..... at least at the time of the original management agreement signing.Recently had a new owner sign the agreement, only to find out after we had secured a new tenant for them, that they were in financial distress to say the least (inquiring about bankruptcy) .

I had an advertising agreement on file with them for the last 2 years.