Follow this six-step procedure to account for the property’s rental income and all the expenses.Step 1: Report 100% of rental income on Schedule E of Form 1040.Step 2: Deduct 100% of any direct rental expenses (such as rental agency fees and advertising) on Schedule E.Step 3: Allocate mortgage interest and property taxes between rental and personal use.

He doesn't have a stable job because he is a veteran and his disability makes him harder to maintain jobs.

We recently received a letter from the city stating that we have 14 days to bring the slider in and unplug utilities.I reached out to the compliance officer via e-mail stating that we are aware of other Airbnb's in the city doing exactly what we are and wondering why we have to shut down our operation and others are allowed to still operate.

Hi guys,There is a group (sort of REIT) where I'm from that is organizing the purchase and betterment of this building.I am aware of general stats and information, rent agreement they have etc, but would like to know ...

@Derek E. would you consider syndication?

At that point, things were far too crazy and we unlisted the house and didn't move, to make life easier and more stable for all.Since then, not much has changed.

Recommended conferences: Papersource Symposium: https://papersourceseminars.com/ Note Expo: http://noteexpo.com/ Below is a link to my parter Josh Andrew's book which is an excellent starting resource, and an e-book from Dave Van Horn about NPL investing.

The truth is, he's more likely to be stable with a reconciled relationship than as a single man.

This is what I'd do, ask the seller for their Schedule E on tax return for the past few years.

Cozy, Zelle, Venmo, Paypal, ACH deposit, e-checks, Pay-Near-Me, deposit slips, bitcoin.