I have a passion for helping others to create, find, and take advantage of opportunities to buy a house due in large part to my own experience.

Hey @Julia France, You maybe do NOT want to use bonus depreciation if the losses created are excessive passive losses and you don't have a lot of passive income.

Provide detailed specifications and ask for itemised estimates.

Middle school dances and starting a business…In many ways, creating a business is really like attending your first middle school dance.

My CPA didnt want the 5 or 15 year to be over 15% because it could create a taxable event per their words. 

It's hard to create a business in this if you don't have the intel to do it yourself.

There is a very good chance they will create bigger headaches in the future.Seriously, why can't they teach their children to not play with the windows?!?

The older buildings may be in good shape but unless you have full details on the reserves, the board, the upcoming repair work and most importantly the insurance cost and insurability I would stay away from them, especially as investment properties.

I've realized I omitted an important detail regarding the proceeds and my initial thought behind forming an LLC.

If you want to switch from joint tenancy to tenancy in common, a real estate attorney can help create a new deed with the desired ownership percentages.