If the house you are going to sold was your owner occupied primary residence AND you have occupied at least 2 out of the last 5 years all gains up to 500k a exempt from taxes. and remember equity and gains are not the same thing.

I currently don't have an LLC for the real estate side and was thinking it would be easier to just start doing business under the LLC that I set up for Turo, instead of going through all the paperwork of setting up another one.Thoughts?

Either way, you'll need ways to fill the gaps since STR and LTR management apps don't have all the features needed for MTRs.

If you have any questions at all feel free to reach out I am always happy to help offer advice and tips.

Thank you all in advance!

Our insurance recently off-loaded all multifamily units in the US leaving us hunting for a reasonable replacement.

The tax benefits of bonus depreciation can lead to massive savings but losses won’t help one bit if you can’t use them.Before you buy a cost seg, you need to know the rules:Tax all starts with the types of income.1.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

Appreciate any and all help.

Hey @Trenton Pelloquin, we use QuickBooks Online exclusively for all of our REI Clients (including buy-and-hold Clients).