Since this is not an actively managed property, you're unable to take the deduction against your W2 (or other) income in the current year.

I'm a local Realtor in the Raleigh area and specialize in Investment Properties and Property Management.

I am interested in using WY Statutory Trusts and LLCs to box up each individual property, and then using a separate LLC for the management.

So my question is, if I don't live in the county where the property is located but want to manage it myself, do I need to hire a registered agent just to get documents?

You might get a difference of 50% more or less between contractors, the idea as many here mentioned is that you have to make sure you itemize as much as possible.Flipping is a project management work, and you have to be very organized.Saying all this I was thinking that it should be a better way, this can be automated, but it seems that there is no something that everyone is willing to pay so that is why no much solutions out there.

Negotiate terms with sellers based on your findings and financial analysis, and seek assistance from legal and financial experts to finalize the purchase agreement, financing, and closing process.Having a strong property management plan is crucial, whether you decide to oversee it yourself or enlist the help of a professional company.

Or is it manageable by the owner and not worth it.

Landscaper 1800/yrAll utilities are paid by tenantsUnknown roof age.He wants 720000 but I think I should allot at least 10%-15% repairs on this older funky building that he's managed and maintained himself.

These hours entail active involvement in managing business operations and directly contribute to the functioning of the enterprise.Considerations for Qualification:Full-Time Employment: Meeting REPS requirements can be challenging for individuals with full-time employment outside the real estate sector.

Do you have any proprety manager recommendations ?