House hacking will also give you some personal "property management" experience.

Current CPA says you can form an LLC and take any losses as a K1 loss on your personal taxes. 

Is this a true 10% cap or is this what I refer to as the "realtor special" where taxes, insurance, water and a nominal maintenance budgetary number is included.

For materials and/or services for any of my investment properties where the contractor/person does not give me a receipt, I do one of two things:1).

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

However, typically, property taxes are based on the assessed value of the property and the applicable tax rate.In your example, it seems you're referring to the timing of payments rather than the calculation of the tax itself.

Can you send me your contact info for future reference?

Hi Sohail, I've got a great commercial lender that I have used personally and my clients have used for various commercial deals.

I've done both personally.