Curious to know of any co-ops that allow rentals!

Is the septic and well inspection necessary for getting a CO.

The building has a basement apartment and 2 apartments on the main level that have a 2nd floor to them.

I've got the passion and drive to succeed in this field and I am ready to take my current project management skills to the next level.

I began to expand rapidly before this boom in CO real estate in 2016 / 2017.Now I am expanding the team of professionals that I work with, my rentals and the cities I am investing in. 

@Lauren Keen I am not sure one way or the other if you can take the deduction since I don't have all the facts, but I can tell you that the real estate professional designation is not a requirement to take the home office deduction with respect to a rental activity.There is nothing in §280A (the home office section in the tax code) that mentions being a real estate professional is required in order to take the home office deduction for your rental activity.However, in addition to the rules regarding the space itself, there is the requirement that the taxpayer's rental activities rise to the level of a trade or business, which the Treasury has conveniently never defined for us.But it seems that rental activities would rise to the level of a trade or business if the activities are substantial, regular, and continuous.However, there is a case, Curphey v.

I have an employee at the restaurant I run that rents a house with some family members.

I would wait till you actually have employees working for you before you file for a LLC.

But that's as much fear of the boom and bust nature of FL as anything.But @Alysa Phalen does not need to purchase another apartment building in CO to satisfy 1031.

@Paul LaSpinaI think it depends on the level of trust you two have, how the voting power is divvied up, & whether or not YOU feel a 50/50 split is fair.We syndicate large multifamily apartment communities & typically raise over 1MM from our passive limited equity partners.