When it comes to reporting this income, beyond the importance of being truthful on taxes, a few key questions arise:Are there any advantages to reporting higher rental income on your 1040?

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. 

I love this question!

Again this requires boots on ground and most LPs will just take word of GP

*This post does not create a CPA-Client relationship.

I will probably be doing 2 more STR's this year.

We're closing this week on our new duplex, I've found Beaverton to be great. 

Few tips I have been funding and buying out of state ( west coast) rentals since 2002.1. do not start with C and D class or let providers tell you they are C or agents its just human nature to puff this a little. 2.

Hello All,I have found a few posts on this topic but still hoping for a bit of clarification in regard to this specific situation.I currently have a tenant that is wanting his good friend who is ill to move in with him so that he can take care of him.

So, now almost two years later, I've had to close my flipping business because I can not seem to recover from this loss.