We still have not been provided a lease, and we now received the bill on May 2, 2024, and it is due by 05/25/24.Is there any expected life on vertical blinds?

Then your project would be eligible for 20% Federal tax credit & 25% State tax credit.  

You will need to work with a tax professional to analyze your current tax situation (income, deductions, activities, etc.) as well as projected income from the fix and flip business.The benefits have to outweigh the costs (payroll costs, additional tax returns, more stringent reporting and compliance requirements, etc.).One important note - an S Corp is not an entity; it is a tax election.

If it is a normal 70/30 leveraged property, you may end up subject to tax on 70% of your returns anyways - so cost benefit, is that 30% tax free portion worth the high tax rates paid and additional filing fees to get tax free treatment on the 30%?

We have a tenant in process- my property manager is telling me that he uses Turbo Tax and the lease he generates only requires his signature and the tenants.

Now it's more uncommon to rent by the room in Philly simply due to finding people willing buy into that situation.

If you put up cameras to monitor other people, such as a camera by the front door to look for porch pirates, or one monitoring a back alley due to recent vandalism, the tenants would probably appreciate that.

I do buy and hold single families for cash flow and tax benefits.

@Arman TannuThey look at it from the loan is not assumable and possible due on sale.

Therefore, it's imperative to conduct thorough due diligence when selecting a company to facilitate your financing.