I'm based in the Seattle area but invest in mainly midwest properties.

They were supposed to bill based on hours (different rates for framers, drywallers, supervisors, etc.), and send me invoices every week.However, they never sent me the invoices each week, and when I asked about the overall cost of the project toward the end of may (the project started in May), they told me $35,000 so far.

I am pretty sure they are only economically motivated since no one in Cincinnati actually discriminates based on race other than 2 and 3 family owner occupied units.

Such an agreement should detail how rental income and expenses will be split to avoid discrepancies and comply with IRS regulations.It's essential for both cousins to adhere to IRS guidelines, which require accurate reporting of rental income and expenses based on ownership percentages.

Is there any options other than cutting my losses?

Doubling your units this year sounds like an exciting goal.As an investor and agent based in Myrtle Beach, I'm keen on exploring potential partnerships and offering assistance where possible.

Currently based in Norman, Oklahoma, I'm looking at future moves to either Oklahoma City or the DFW area.

Either way, based on my personal taxes, the deduction of that interest ends up being a refund to me every year and gets put back into my pocket.

I'd recommend building up a base of knowledge, then using the bootcamp to take actionable steps. good luck!

I can help you explore refinancing options in the future to lower your interest rate, especially if market conditions improve.Living in the property for 18 months while renting a room can help you offset mortgage payments and reduce living expenses.This strategy also gives you time to understand the local rental market and plan for full rental income after you move out.Fixed-Rate vs.