What "reasonable" is, is a big can of worms you should discuss with your accountant.It's common to separate ownership of an operating business (the short-term rental business) from ownership of the real estate, so that makes sense, and it also makes sense when discussing mortgage applications.

Might be worth it, depending on your marginal tax bracket. 4. carry the 1k business loss to my 1k salary- Ans: No loss and salary, as we discussed above.

OOS is the way to go, but those risks you discuss are real.

@Daniel Weber my partner doesn't make enough money on paper but I am discussing it with my mom as she checks all the boxes to purchase a home.

Could probably add $500-1,000 into each unit for cosmetics, but not necessary, ready to rent We are discussing purchase price between $370,000-$385,000.

Some great discussions and podcasts.Start going to all the investment meetings in town, ask questions, listen and learn.Find a mentor.Good luck and have fun!

I would be happy to discuss.

@Vivek Shah this is an age old discussion here on BP.

If the foregoing date is a Saturday, Sunday or legal holiday, then the date to vacate the property is the next business day at 11:59 p.m.

It seems there is not a lot of discussion around condos on BP.