I'm paying about the same to live in my house as I was splitting a 1-bedroom apartment with a roommate, but now I'm seeing that appreciation, sweat equity, and tax benefits you touched on.I love reading comments and posts like yours to give me a refresher on why I got into a house hack in the first place.

She was told if she doesn't have 2 years of tax returns, then she won't get approved.  

Even if somebody came to him for help, he'd turn it down because the significant time involved (even will billing for it) and the costs to the client are prohibitive.There are lots of rules, I don't bother to know them all since this is avenue is too extreme for me, around IRA's and 401k's (and the various other tax advantaged accounts). 

If the basement was finished it would be about 1,500 sq. ft.Option 1- Fix & RentCost of Repairs: $10,000 (Estimate to get the house rent-ready, would leave the basement unfinished)Market Rent: $1,100Monthly Profit: (Rent $1,100) - ($700/month) - (8% property management cost is $88) = $612/month Other Benefits: Tax write-off, continued appreciation, continue to pay off mortgage, risk-management against my other rental property, passive income.

Hi all, Do you guys pay income tax on the rental properties you own in the city of Cleveland?

I do have a follow up question, would we not save on taxes by doing a BRRR strategy vs buy and hold ?

I only gross $5600.. after taxes, benefits, 401k. its only  $3800 a month.. and if I take the 401k loan that's another $1160 out of my check 4.

Hi BP community, I have a unique homestead tax question.

*NOT a tax expert/CPA!

For Tax Return 2022, it is my first time I need to pay tax to IRS ($269).