There doesn't seem to be another option. 3) Do my spouse and I have to file two separate NPT returns for the rental income as we are joint federal filers?

I own a duplex, where one unit is being rented out as a long-term rental (LTR) and the other as a short-term rental (STR).

We are looking into purchasing with a wholesaler to get a deal and an opportunity for forced appreciation through rehabbing a property.

We are considering finding a 3-4 unit, I would live in one unit with my girlfriend, he would live in another unit with his wife and we would rent out the rest.

We are currently renting a space in a strip mall and the landlord is willing to sell the unit to us.

Ask them direct about short term rentals and what is being discussed.

Lately we are considering hiring my two kids, who are under 18 years old, for some office work, such as setting up a rental website, mowing lawn, bookkeeping, etc.

The more we buy the better the discount gets so we are opening that up to other people.Best of luck!

We are also getting a forgiving loan of 30k for the duration of 10 years from the county for 1 unit if we rent out the 1-bed basement unit to a household with income less than 100k and at the rate defined by the city )(~1183+ utilities) for a 1 bed unit.

Primarily we are considering investing out of state and would ideally have a property manager.