Tax-wise, profits are taxed at your ordinary income rate, and frequent flips may subject you to self-employment tax if classified as a dealer by the IRS.

You are welcome to market in the Classifieds.

Please keep those posts in the Classifieds forum.Need a spreadsheet or form?

Please keep those posts in the Classifieds forum.Need a spreadsheet or form?

I started with the Simple Start plan, but as I learn more about the software, I realize that to effectively classify income and expenses per unit, I need to use Classes and Locations, which are only available on the higher-tier plans.I’ve seen suggestions to use units as customers as a workaround, but I’m curious if anyone else has tried this approach or has recommendations for managing multiple units in QuickBooks with the Simple Start plan.Looking forward to your feedback!

You'll want to enlist a CPA on this to assist you- Repeating the above for Cancun, since it's a vacation destination already, I'd almost guarantee you that you cannot write it off 100%In regards to travel, it's also important to remember that even if everything is used 100% for business, the IRS classifies business expenses being valid if they're "ordinary and necessary".

A savings to put deposits and another account for everything elseyou don't need separate bank accounts as accounting software will classify all of those items.

The post was trolled and then moved from Tax section to Classifieds section by BP.... 

Here on BP in the Classifieds Forum, Facebook, MLS, etc.Wholesalers will only pay 65% of value:(You might want to find another investor to buys these over time, to spread out your capital gains, or do 1031x.

I’ve been manually scouring Zillow/MLS for deals, but it’s time-consuming, and I’d love to streamline this.2.Has anyone experimented with using machine learning models (like classifiers or regression models) to rate properties based on their condition from MLS listing photos?