Real estate has always been my passion and I feel now is the time to take action!

A lot of new investors think they would be making a lot of money.

5) Create / update your portfolio architecture action plan - Write it down.2) Focus on your return on equityThe "Buy" spreadsheets and numbers become less relevant every year. 

I am an active investor buying properties cheap good deals all deals must be at least 60% below market for fix N Flips any higher than that I have Zero interest it's no money in the deal.

Usually we have a few thousand dollars each year to invest after we max out these accounts (and it usually just goes into a taxable brokerage account where we use it to buy Berkshire Hathaway or Markel or some other stock that does not pay a dividend).That extra money was actually how we ended up buying this duplex - thought it might be a good way to diversify our investments.I was wondering if I could use net income from our duplex (assuming we have net income, and by net income I mean what we report to the IRS) to fund a solo 401k or some other kind of tax-advantaged plan?

Multiple books: The Book on Rental Property; The Book on Investment Property Investing; The Book on Investing in Real Estate with No (and Low) Money Down; Start with Strategy; Real Estate by the Numbers; and Finding and Funding Great Deals.

I got my materials money back and everything I paid painters, etc..

Or could you demonstrate that it was always a short-term rental from the beginning simply based on your listings + the several guest stays in the following year(s) during auditWithout specific guidance, I would take a risk-based approach, and call it an STR if the intent and preponderance of the subsequent actions suggests it from the service date.Is there a tax court case that establishes this?

An example of this would be mixing your personal money and LLC money in the same bank account.3.

For the most part, I have been steered towards private or hard money loans rather than traditional lenders.