After getting rejected on the duplex house hacking idea 2 years ago, I’ve now been listening to the BP Podcasts out loud while cooking dinner to let her know I’m interested in it so she wasn’t totally surprised when I broached the subject last week and asked when she thought we should get into it.

I even mark paragraphs that pertain to specific subjects, like repairs and inspections, disclosures, HOAs, and contingency removals.Flavia Brown, Los Angeles County. homesbyflavia.com

Hello, hope you are healthy and safe.I'm very aware of section (s.) 212.02(12), Florida Statutes (F.S.) which states ALL money collected from a tenant in a Commercial Property is considered rent and as such it's subjected to Sales Tax (5.5% + 1% Miami-Dade).I have a BIG objection with this statue.

@Jonathan SantiagoThe tax difference between capital gain vs ordinary income is HUGE.Capital gain - Preferential tax rates if long term at federal level, subject to regular tax at state levelOrdinary income - taxed at marginal tax rates at federal level + Self employment taxes + state taxesIntent is what differentiates between a real estate sold being subject to capital gain treatment vs ordinary income.

@Rodney BufordKeep in mind that in order to take a distribution under the CARES Act you must have been impacted by the virus in one of the enumerated ways.If so, you can take a penalty-free distribution (as well as waive the 20% withholding requirement) from your 401k (assuming that the employer allows it) anytime between 1/1/2020 and 12/31/2020.

I told him I am reading books and going on forums about the subject.

I was doing research a few months ago and read somewhere that if a company such as Company A owns 80% or more such as 100% of another company such as Company B then Company B is legally a subsidiary of Company A and all distributions to the holding company Company A would be tax free.If you or anyone else has experience or knowledge of this please feel free to correct me and provide advice please.Also what is meant by Occam’s Razor?

The Pub refers to the "true" depreciation recapture, i.e. depreciation taken over the straight-line method which does not exist anymore except for very old properties.What we casually call "depreciation recapture" is properly called "unrecaptured Sec 1250 gain" which is straight-line and not subject to that rule.

Is my depreciation already accounted for prior to the distributions?

Sec 8 funds come from HUD and then to the state H/As who distribute them to the local H/A to the tenant vouchers.HUD has a whole staff that looks at rents for "average" income by county.