More importantly, egress window with certain operable area requirements and a sill height of no more than 44" from finished floor.In my specific village, add to the above minimum of 150 sq ft.Finally, as others mentioned, legally having a bedroom and functionally having a bedroom can be vastly different.  

Hotels closed, operated at limited capacity or became undesirable due to people wanting to avoid close contact.

The first two should be used to evaluate the market you're considering, while the latter should be used on a property by property basis (including them in your operational costs).

I operate by being an open book.

When you are finding your monthly net cash flow, are property management, maintenance, utilities, capex, etc percentages of gross rent, or percentages of your gross cash flow (net rent - PITI)? I usually say 8% for pm...

@Sarp Ka I believe the best way to do this would be to stay off title and have a separate operating agreement with this partner, though I am not a lender and this is not lending advice.

I did however make a promise that I intend to keep which was that I was leaving my job at the end of 2021 and go full time into the world of real estate investing, so I started my LLC in Jan 2021, with the intent on being present as the owner operator and building the company starting 2022 and beyond.

Hey all,I have been doing some learning about tax implications for owning rental properties and I had a question.Its my understanding that you can carry over net operating losses from year to year basically indefinitely until you sell one day and can write them off of your capital gains.I also understand that if you purchase an asset for your rental, say a refrigerator, you have the choice to either deduct the full amount for that tax year, or depreciate the refrigerator over a certain amount of years and take the deduction divided up between those years.My question is why would it ever be advantageous to depreciate an asset rather than simply deduct it for the current year, even if you are already operating at a loss, if those losses will just carry over indefinitely?

Again, if you have the net worth and liquidity to secure a loan, and a professional management company to operate property, AND have a network if investors that will invest with you, you could form the partnership, find the deal, and get it all done on your own.  

Great topic guys.My opinion is that it depends on the source of your cashflow, if you're running a wholesaling operation then you need constant cash flow to operate.