If anyone is interested www.agentsplayroom.com Quote from @Brandon E: Hello BP members,Does anyone know of any chatrooms for real estate investors?

For purposes of this paragraph (e)(3), an activity involving the use of tangible property is not a rental activity for a taxable year if for such taxable year -(A) The average period of customer use for such property is seven days or less;

A refi only juices my returns in that scenario if I refin in less than the 5 year projection. 

It's easy for sponsors to juice returns on paper.

Is this a Schedule C vs E discussion?

Focus on how to juice cash flow if possible (rent by the room, separating spaces, etc.) or decreasing expenses (assuming a loan, looking at new build incentives, aggressive offers w/ rate buy downs that work for you, etc.) 

The LLC's will be disregarded for tax purposes, and the income and expenses of the rental properties will go in Sch E of your personal tax returns.Yes, it will offset W2 some, depending on how the property is financed and the cash flow. 

Hi all,I have found a house in Lehigh acres Florida for a purchase price e .75 of of the appraised  value and it is for sure a 1 dscr. can I immediately buy this for  0 Dollars down

If you are looking at value-add assets, quickly look for market rents in the submarket and current rents, if current rents are within $100 of market rents, there is not enough juice in the deal to make it worth while3.

Remember, that it costs money to refi...if its a small amount of juice to squeeze, I would just run your numbers to take a look at what makes sense for you and your journey.