The 27.5 year depreciation schedule is for a residential property improvement as a whole.

Job for less than a year should not matter as long as he has prior work history, or school history, and we are using just base pay.Let me know if you would like to schedule a call to go over options!

Potential Challenges: Given my tight schedule, what are the common pitfalls or hurdles that could arise in managing a BRRRR process or any other investment strategy in the local area?

My Rental Schedule E would show rental income, expenses such as tax, insurance, repairs, etc and property management. 

Hi Scott, I requested to join the group via link you provided. look forward to attending if my schedule permits.  

Non emergeny issues like a pest problem, you can certainly figure out with a good google search and asking around or your agent before scheduling. 6.

It sounds like you will likely need to file a Form 1065 if you go through with this to report all the income and expenses on and the partnership will give each of you a Schedule K1 with your share of the income/expenses which go on your tax returns.

Alas - I learned every step of the way about ordering materials, working with contractors, scheduling, insurance issues, etc.

The schedule C tax cuts were not written for the wealthy.

If you would like to schedule a time with us you can do that here: Schedule a call