Commissioner, 73 T.C. 766 (1980), specifically confirmed that rental management activities can qualify for the home office deduction, regardless of passive income classification.Key Considerations: 🔑The space must be used ONLY for rental managementNo personal activities or other business uses allowedMust maintain solid documentationActivities should be regular and substantialPro Tips: 💪Consider the simplified method ($5/sq ft, max 300 sq ft)[Rev.

I regularly listen to 2 BP podcasts and am reading about real estate investing right now.

Just curious, is there any tax benefit to filing as a regular partnership and issuing k-1s to ourselves that show a loss?

Originally posted by @Efrain Ruiz:I am near the Newberry area and travel to Columbia, Spartanburg, and Greenwood regularly.

I regularly break down the latest market news so you and your clients can stay ahead of the game.Hope this helps—good luck!

Talk to your insurance carrier to make sure you have the right policy (may need to switch from regular homeowners to landlord policy) and look into an umbrella insurance policy.

I still want to have a “regular” career for now, but know I have what it takes to successfully run a business- say in the form of real estate investing.

His reports are regularly 150 pages long and I go over them with a fine tooth comb.

To the guy who made the $700 per person income stream comment, as the community grows they'll need to continue to grow the coaching team as the structure of the program is centered around smaller groups of people you interact with on a very regular basis.

I only have experience with regular single-family homes as STRs.