It is possible that you could take the deduction for your rental as a separate investment activity. 

Setting up an LLC could be an option down the road if you expand your investments, but for now, it might be simpler to report it as personal income.

Originally posted by @Suzanne Griffiths:12% or a day or two days isn't very much, $33 per day approx on $100k.

Respond or message me if you are investing in RI. 

Investment Info:Single-family residence fix & flip investment in Alma.

Hi BiggerPockets Community,I’m currently looking to invest in foreclosure properties and would appreciate any guidance on where to find them in San Antonio and Austin.Could anyone share their go-to resources or strategies for locating these properties?

My question is, does this sound like a good plan to start off our real estate investment journey with as little debt as possible?

Secondly, from an aesthetics standpoint investing slightly more can make a huge difference in the way these rooms looks.

After 45 + years investing in, purchasing and selling notes and real property; structuring “deals”, running investment funds and syndications, I have observed that many (most) investors both hesitate too long gathering too much information before making an offer AND do not do enough investigation, analysis and due diligence before they finalize a purchase.Seems like opposites, right?  

Contact me with your buying criteria and I will partner with you to find your next investment property in Raleigh, NC.