All corporations and limited liability companies doing business in Pennsylvania are required to pay corporate net income tax."

❌ Previous Rent: $1,100✅ Post Reno Rent: $2,000 (plus utilities)Original Underwriting: $1,900$900 monthly rent increase$10,800 additional income per year (excluding utilities)We spent $35,000 for a premium level renovation.= 30.8% return on investment (ROI)We target an ROI between 25% - 35%.

I have income income to off-set some negative months.What do you all think is a better idea?

Are both taken out of the gross rental income before all of the other operating expenses or after you deduct the operating expenses?

The thing I forgot to mention is that I'm living on a small fixed income.

I'd ask for the rent roll, or income statements.

It's all about putting in the reps on any strategy you're into and SLOWLY getting better, which translates into more income, more deals, and more confidence in what you're doing.

Make sure you are saving at least 10% of your income to purchase.

Planning, such as selling in a year with lower overall income or using a 1031 exchange, can help minimize this tax.

If you can throw some of the excess income from the high season months at paying down your balances and lowering your credit usage you will very likely raise your credit score.  3) With a higher credit score and lower balance you could probably consolidate the credit card debt into a lower interest personal loan.  4) You need to analyze your listing and your pricing to make sure that you get more off season bookings.