Originally posted by @Brad E.

@Lynnette E.

You will likely h an e to give up equity and control to find a guarantor especially since you do not have the experience or net worth to pull off a deal like this.

The free e-book explains it and provides you with a tracker and everything you need.

@Lynnette E.

I have a CA r/e salespersons license and am currently in the process of filing for a reciprocal r/e salesperson license in AL.

I am debating between suburban residential buildings, and smaller buildings in touristy areas that has AirBnb potential.On my tax return, I only have rental income from 3 rental properties in the US (Schedule E).

QIP (qualified improvement property) defined by IRS code section168(e)(6) as “any improvement made by the taxpayer to an interior portion of a building which is nonresidential real property if such improvement is placed in service after the date such building was first placed in service.”The intent of the TCJA was to treat QIP as 15 year property.

Replaced 24 old, rotted wood windows with new low E vinyl windows, replaced 9 old broken wood exterior doors with new steel security doors w/ master key deadbolt system, added one bedroom w/ lighted closet, and lighted closet to existing bedroom, 2300 SF of new carpet installed, 700 SF of engineered hardwood installed, 3 new water heaters, 2 new exterior electric services, 2 new interior breaker panels, new paint on all walls and trim, 4 new shower surrounds, 4 new countertops, 4 kitchen sinks.

Replaced 24 old, rotted wood windows with new low E vinyl windows, replaced 9 old broken wood exterior doors with new steel security doors w/ master key deadbolt system, added one bedroom w/ lighted closet, and lighted closet to existing bedroom, 2300 SF of new carpet installed, 700 SF of engineered hardwood installed, 3 new water heaters, 2 new exterior electric services, 2 new interior breaker panels, new paint on all walls and trim, 4 new shower surrounds, 4 new countertops, 4 kitchen sinks.