As always, hope everyone is well and healthy.I recently listened to BP's latest podcast about maintaining relationships and how important they are to building wealth/connections.

It’s great to hear that one of my favorite subjects will be useful in my real estate journey, and I will make sure to continue studying!

(Basically the expenses you can get reimbursed for are those necessary to "maintain" the property.)As for the 10-year limit, the third link I included in my previous post talks about that and the various conditions under which it can/will expire (i.e. 10 years from the date the liability was assessed plus 30 days, if not refiled).I know, lots of reading to do

Maintaining a better budget does not change the fact that the current system favors underdevelopment and lengthy holding periods.

If you are looking for a good return, a recent study done by Rented, Inc. rated the FL panhandle for best ROI. 

Also consider you are turning a capital gain that might be taxed at 15% in to regular income taxed at your regular income rate.Be careful and study the rules/laws and consult experts.

It will cost you money and time to get and maintain. 

We know we may have to grab it outside our local area due to the high prices of California so we are studying Bakersfield, Patterson, Visalia, Monterey County which are more affordable markets since we are very familiar with those areas. 

I’ve studied, read, listened to podcasts and watched webinars.

Especially when it comes to protecting/maintaining your corporate veil.If anything, you need to refinance in the llc with a commercial loan since you want everything underneath the purvue of the LLC.