If you buy a $20M apartment building, it should have it's own LLC.

So, both my wife and I are full time W2 employees and are in the 24% tax bracket, and I came across the short-term rental loophole which sounds really amazing for taking write offs and using them to reduce your W2 taxable income, but also equally difficult to qualify for, unless you are within a short driving distance to your property.  

South facing houses/streets (like on the side of a hill facing south) get less ice build up. 

For the past month, I've been doing a short term rental for my 1 bedroom apartment in a 3 unit building.

So, we have a few possibilities: 1) My parents could sell the home and buy a new one with cash which we could do a land contract again. 2) My parents could buy vacant land which we can then build on. 

Build a relationship now for the future or switch to a better tax person.  

You need to build a team (Legal, Title, Appraiser, Accountant) just like when buying real estate. 

Feel free to reach out to me directly.Looking forward to connecting with all of you and building some prosperous partnerships here on BiggerPockets!

It is incredibly difficult to find industrial space in Brevard County.

It is a very nice building and no, I did not consider skipping insurance, although I suppose I could have, it is paid off.