Doesn't matter if you have no income REMEMBER TO FILE THE RETURN.Send me an e-mail to the address below for more info.

Originally posted by @Steven E Lasseigne:My wife and I recently bought our first rental property from a turnkey co.

Filing as S and C Corp or partnership will work the best because you’ll have move the filing for the properties away from your scheduled E and off to a corporate or partnership return.

I will plan on forming a new LLC to hold the airplane and document what costs were associated with each usage (personal or biz).I love the SR22 but with wife and 3 kids I would like to be able to haul all of us and I would be much more comfortable with 2 motors over Lake Michigan. 

I have learned a lot and would lo e to meet others doing or wanting to do REI

https://joefairless.com/best-e...There's also the Cincinanti REI meetings.

http://www.noradarealestate.com/e-real-estate-m…/…/louisvill

@Derrick E.

This was a mixed use property we knew we could change the usage to residential with minimal work How did you find this deal and how did you negotiate it?

Originally posted by @Lynnette E.