Besides, they often see it from their personal angle, because they satisfy material participation as sponsors.

So, if you're discussing business matters with your property manager or realtor during a meal, those expenses could potentially be deductible.Be mindful of distinguishing between personal and business expenses.

This was actually a referral from another person I had bought a house from.this one was pretty easy.  

I personally would avoid adding 36k minus a 30k just to avoid scrutiny by the IRS.

Needless to say the relationship didn’t work so I had decided to sell the property but came to find out when someone wanted to buy it there was another persons name on the title that dated back to  when my father purchased it.

I, too, aim to be as accommodating to residents as possible.However...For my own liability protection and personal sanity, I'll only schedule our group viewings for when the resident can be physically present.For one thing, I'm a digital nomad (currently living in Colombia), so I'm likely never going to be conducting their viewing myself.But mostly, I don't want a resident claiming that some priceless heirloom went missing or got damaged after holding a showing in their absence.We'll pick a convenient time, typically 1 hour on a Saturday afternoon, and set appointments for up to 6 pre-screened buyers to take a look.

Not hustle as he sounds like a passive investor as his age would suggest that he doesn't want to be in debt for the next 15-30 years and risk quitting his day job that close before retirement.You can always purchase land in California and build a small cabin to rent out.

I would have to take out a personal loan plus some cash reserves but I honestly think that this deal is worth it.

From everything I’ve heard it’s best to have it under an LLC to separate it from my personal finances.

Purchasing a property out of state was a challenge with not being able to see it in person prior to closing.