@Brody MartinezHi Brody,I am a livermore resident as well and currently am in the process of converting my single family home into a house hack with an ADU.

The first number is the amount that goes to the investor, the second number is the percentage that goes to the syndicator.With a flex-equity split, the deal can be set up as a 70-30 split, but if a 14% IRR deal ends up performing at 13% the split would convert to a 80-20 one.

The first number is the amount that goes to the investor, the second number is the percentage that goes to the syndicator.With a flex-equity split, the deal can be set up as a 70-30 split, but if a 14% IRR deal ends up performing at 13% the split would convert to a 80-20 one.

I intend to keep h1 as a rental property.My 2018 taxes listed h1 as my primary residence. h2 was not converted to a rental property.The close, trusted friend listed h2 as their address on their 2018 and 2019 tax returns.The Ask:As I complete my 2019 tax return, should I:convert h2 as a rental as of January 2019 and take depreciation/list rental income accordingly?

It also has a 2-car detached garage that could be converted to a guest house at some point, though that is not part of any of the immediate renovation plans.

-converting it to a fully rented triplex (2 bed up, 3 bed down, 1 bed plus den in converted carriage house).

Carpet Cleaning -$300.00 Window Repair -$150.00 Deep Cleaning -$200.00 Replacement of 5 blinds ($25.50 each) -$197.50 Wall repair in basement -$145.00 Missing plug converter for AC -$5.00 Garage Remote -$50.00 Back Door Seal -50.00 Garage Door Bent and Cracked ????

Since I converted my first property to conventional, I now have an FHA available again.

I knew of one person who did 1031 Exchanges multiple times until he moved into a multiplex he bought and decided to live there and convert it into a single family home.

So, it’s not another entity to keep track of (well, unless you don’t want to convert your existing LLC).