Are they able to live in the house and use it? 

Just wondering what the implications are of changing a single member LLC to a multiple member LLC as far as current depreciation, basis, carry forward losses and any other issues.  Consulting a lawyer and accountant w...

Sometimes it feels like I am living paycheck to paycheck due to always trying to catchup with the debts.

Coming at you live from Nashville, fueled by today’s amazing beef jerky and caffeine of choice.

You want to invest just to have a place to live and potentially offsetting your mortgage payment by renting out the vacated rooms or having x amount of cashflow in the future?

I live in Georgia and he lives in El Paso, TX.

Living & investing in Southern California forced me to learn creative strategies in both marketing & acquisition to competitive.

The three most common approaches include:Cost approach: An estimate of the replacement cost less depreciationIncome approach: Calculation of estimated potential rental incomeSales approach: Uses comps of recent transactions on similar propertiesBe sure you are leveraging the tax incentives availableIdentify any applicable tax incentives available for commercial properties - historic tax credits in certain areas, opportunity zones, environmental sustainability, etc.Understand available tax deductions, credits, and rebates - Tax deductions decrease the taxable value of a property, tax credits directly reduce your tax liability dollar for dollar and tax rebates are a refund of taxes paid under certain conditions.Utilize a cost segregation study - Cost segregation allows you to reclassify assets into categories with shorter useful lives, therefore accelerating depreciation and creating tax savings.Leverage energy incentives and deductions - Look into the Section 179D deduction and how you can save on tax by meeting certain standards to make your property more environmentally friendly.Best practices for commercial real estate owners and monitoring their property tax regulations:Plan proactivelyWork with a professional to receive guidance on complex regulationsUtilize specialized software tools to drive efficiency and compliance.What questions do you have regarding property tax valuations?

What I want to do before September (when the school year starts) is find something like a 4 or 5 bedroom house and then live in one of the bedrooms and rent the other bedrooms out to other medical students.

Live and learn.In November/December, we closed on two properties in PA to flip for extra cash.