When I give the repair bills & purchase price to my CPA, how will this differ from my typical expense deductions, since this is such a huge expense (for me thus far) and the house will have been a work in progress all of 2024?

Quote from @Scott Mac: Well Larry, You are in over your head on this LLC thing.

Quote from @Chirdeep Bhutani: General Question: After the new rules went into effects, how are people writing contracts with the buyer's agents.

Please give me feedback as this doesn't quite fit into typical calculators and I'm not confident with my current calculations.I have signed an off-market Agreement of Sale (executory contract) on a property in the Phoenix suburbs. 

Quote from @Nicholas Cavato: Anybody know if Marquette, Michigan is going to lift their STR rental cap anytime soon? 

Quote from @Michael Baum: hey @Dayana Castellon.

This trend will continue as distressed assets in sectors like multifamily seek capital injections to avoid foreclosure or unfavorable sales.Mezzanine debt, typically subordinate to senior debt, offers higher returns to compensate for the increased risk.

@Robin CastilloLLCs are useful for legal protection, but they require separate tax filing, typically cost several hundred dollars to create, and most non-commercial lenders will not lend to LLCs.Commercial lenders will lend to LLCs, but their interest rates are significantly higher and they require collateral that regular lenders don't.I would not create a LLC specifically due to the issues in getting a traditional mortgage it will likely cause.One potential route though, is to get a traditional mortgage in your name and then assume the loan after a 6mo "seasoning" period with your LLC.

Quote from @Brandon Vukelich: #4 in your top list never ceases to amaze me.

Quote from @Jonathan Edmund: So the past couple years I have been flipping homes in the Myrtle Beach SC market.