There is a unique tax deduction in the US called a “conservation easement.”It was designed by the IRS to encourage real estate owners to make pristine land, that could be enjoyed by the public, a conservation ground, and thus un-developable.In return, the landowner could treat the act of granting a “conservation easement” as tax-deductible.

Welcome to the BP community!  

I am looking for someone that is currently in the short term rental business.

Happy to say I just hit work-optional recently!

Wanted to give a quick shoutout to @Scott Trench for presenting the How to Use Your BP Membership to Grow Your Business breakout session today. 

Trying to find a creative way to partner with the owner, owner is retiring and won’t be able to hold it.

Each contributed a third of the amount for down payment, since I'm single I'm moving into one of the units and we got it at 5% down.

Now, the LLC is the owner of the property.

Besides having your name on the annual report, if you are seeking financing on the property, your name is going to be on the mortgage/deed of trust. 

When acquiring a large portfolio of rental properties, what strategies have you found effective for managing or dividing the properties?