You need to have less than 100k in Adjusted gross income to get the max up to 25k in deductible losses or you can qualify as a real estate professional designation.

finances are on the check mark in my area. running the math I will have either a few hundred grand in savings, stocks, or equity in 1-4 unit property's within a couple years going at my pace. however while I am saving this massive load of cash and sacrificing a great deal to do so.

@Chris ConnollyAs an example it is typical in D areas to buy a multifamily trIplex or quad for 35-55k Say you buy WITH a quad for 50 grand ( which is completely doable ) that rents for 500 bucks per unit , your insurance is around 500$ per year and taxes in these areas on a 3-4000 sq ft house is around 2,200 a yearThats only 2700$ a year In total expenses but your making 24,000$ on the rents . 1,775 $ profit every 30 days .

If you have a fire extinguisher, a periodic inspection should check for of at least the following items:o Located in designated place.o No obstruction to access or visibility.o Operating instructions on nameplate legible and facing outward.o Safety seals and tamper indicators not broken or missing.o Fullness determined by weighing or "hefting".o Examine for obvious physical damage, corrosion, leakage, or clogged nozzle.o Pressure gage reading or indicator in the operable range or position. 7.

Another is being able to created designs for properties that are both cost effective but also maximize the desirability and profit of a property. 2 figure out how to make the pie bigger not how to get a bigger piece of the pie.

Phoenix is showing 5,576 STRs holy cow .... so it has nothing to do with the recession I guess, but it's more of a saturated market with declined visitors.Scottsdale is a tourist city ( resorts, golf, sunshine, car shows, football, spring training and a stop over for a lot of people headed to the Grand Canyon).

I'm interested in maximizing our deductions because my wife does have the real estate professional designation.

I spent about 10 days down there setting it up and buying things on Amazon I needed last minute, as well as having my designer go to places like home goods or target or wherever. 

I'm an architect with a long standing passion for sustainable and now regenerative design, and I incorporate that with my W2 gig, but interested to see what anyone else is doing with their properties. 

Hi I am in grand praire Texas, and I was wondering what the process was to close off my father in laws garage and converting it into a room, I've been doing contractor work a little over 6 months now and I've learned a lot, I am confident in building the wall my self, framing, taping bedding, texture, painting ect. however I was wondering what the process was to pull permits from the city and if there is anyone on here that can assist  Me with that, and what the cost should be.