I could talk about this for 10 minutes straight and it's a pretty personal decision with positives and negatives to each.

Personally, I think it’s important to continue to stay creative and generate new ideas on all facets of the business as legal restrictions continue to present themselves.Have a good one!

Personal assets/liabilities:Primary Residence: Have less than 20% equity in this, rest is owned by bank at high interest rate close to 7%.

I would personally screen my MTR tenants and have them sign a lease.

Thanks Linda Weygant have you personally done a cost seg on an SFR/STR before?

People over 40 consider having roommates when starting out in life to be normal. 

The cash came from my own personal savings and my father who invested in this deal with me.

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

The best deals, with real analysis, is done in person, or with a partner in the trenches.

I know a few of mine are Family, Health, and personal growth, but I am curious as to what others are thinking.