Then, you’ll pay the agent (say 3% for the sake of argument, $5,400, since they’ll be doing a lot of work for you on this - I’d order that prelim/TRIO with my escrow company, and help you find lien records if any, plus provide all the contractual guidance to make sure you don’t lose your earnest money).

Thus since in both cases you as a short-term landlord are merely providing basic services to your short-term guests (and receiving passive income in return), I would think this meets the requirements for Schedule E and I would think that you can report the income on Schedule E even if you don't own the property, thus avoiding the 15.3% self-employment tax?

We'd be incredibly grateful for the chance to pick your brain and learn from your experience.Here's how we can provide value:We're dedicated and eager to learn.We're happy to assist with research, analysis, or any tasks that might benefit you.We bring a fresh perspective and a willingness to hustle!

I am in the market every day and can be on or off as a buyer within a few hours of you providing the address.

Electricity is functional in the property, but I have not gotten the water to work yet.5) Insurance PoliciesI was informed by a fellow tax deed investor to obtain builders risk or vacant property building insurance policy soon after the deed is recorded under my name?

My question is how or what would a silent partner get from a deal like this, or what can I offer if they would provide 20% of the cost of the building only?

Here is a sample of how we provide the details of tenant criteria in our advertisement.You list looks great.

Making relationships and gaining insightful knowledge may be obtained by attending networking and local events.

Additionally, research the local market dynamics, economic indicators, and property management options to ensure you're making an informed decision.It's also a good idea to consult with local real estate professionals, property managers, and investors who have firsthand knowledge of the market and can provide valuable insights and guidance.

I wanted to provide some feedback to the developersRequested features:- Save basic values from last calculation or default presents: interest rates, loan term, variable expenses, etc.- Small notes section to elaborate on property calculations, such as noting the calculation was based on a loan assumption or short term real estate strategy - Ability to edit name of calculation to something other than the address.