We will likely make some changes in the next 12 months for “our” appreciation and use but hold off on others intended to increase its rent-ability.Generally, the repairs made on your primary residence are non deductible however a  taxpayer who is an individual may capitalize amounts paid for repairs and maintenance that are made at the same time as capital improvements to units of property not used in the taxpayer's trade or business or for the production of income if the amounts are paid as part of an improvement (for example, a remodeling) of the taxpayer's residence.The money you spend right now will get added to the basis and will be recovered via depreciation or when you sell it.

Yes.But you'll want to ask if doing so is beneficial.If the activity rises to the level of a trade or business, you'll have a 1065 obligation just like you'd have with an LLC.If a mere investment, you can just report on your Schedule E, however there are trade offs to doing so that should be discussed with your advisors. 

I'd love to connect with you and discuss more, maybe trade notes. 

I agree with others about trading out your car for a something cheaper with a better interest rate or just buy it with cash.

There are complex reasons but just understand that I am limited in footprint and cannot add more total square footage to the build.My opinion is that the Master bedroom sells the place to tenents, after all those in the master are paying the bill, and that a trade off to have an excellent master but a smaller size for the secondary bedrooms is acceptable.

Because dealers have lower inventory levels due to fewer trade-ins during the pandemic while they’re also experiencing a surge in buyer demand.

Most basic multi-family properties are now trading at around $250k / door.

Without a solid team like that, I feel its too much risk to be left vulnerable to a downturn when you are needing to offload the property or end up holding at a negative cash flow each month while you wait for trades to finish etc.

The best advice I give people on advice is, don’t take advice from people your not willing to trade places with in the space that they are providing the advice in.

First of all I’m new to Realstate so please take it easy I’m just looking for a little help.By trade I’m a welder so with that being said I work on big and small job sites.