Or just the common areas and their bedroom? 

Please and thank you!

A flipper will often offer the owner a quick and easy cash sale.

There are several different types of income in the US tax code.Two main types are “active income” and “passive income".Active income is money you earn from working, such as wages from a W-2 job or income from running a business.Passive income is money you earn from investments like real estate, stocks, or rental income from your RE portfolio where you earn $ without actively working.Normally, you can't use passive losses (like losses from real estate investments) to offset active income like your salary from a W-2 job.That is unless you are an RE Pro.The reality is, that Real Estate Pro status is just a filing status similar to filing married or jointly.And if you are a real estate professional you CAN use passive real estate losses to offset active income from other sources.To qualify as an RE Pro you must:1.

Bigger Pockets is a great place for education and networking and is full of great content.I recommend that you check out the following resources:1.

Quote from @Robin Simon: Quote from @Chris Seveney: Quote from @John ONeill: Compare and contrast private money loans and hard money loans.Discuss scenarios where each type of loan is most beneficial.Please share experiences and preferences. 

But twenty years of mortgage experience and cohesion as a licensed mortgage resource does two things for my clients and real estate business: 1.

We're focused on solving CA's housing crisis by making it easier, faster, and less expensive to build high-quality housing units.

Wondering if anyone has converted their multimember LLC down to a sole member LLC and what the process is, all I have found on it is to fill out form 8832. 

You could not change the rent at all, and they could still pay more by a re-evaluation by section 8.