For the purpose of asset protection (protect against frivolous law suits Ect) -- Should he put it in an LLC?

Add a stacked washer/dryer in a closet, separate bathroom and bedroom with a large family room and you could easily have a multi-purpose space.

There are different cards with different versions, I could tell you how to do it but that would spoil and defeat purpose of the game.

Except as detailed in this consent, the SoFi Personal Loan may be used for personal, family or household purposes."

We would like to buy a home out of state for investment purposes.

i have a one month vacancy between previous tenants and new tenants - how do i determine (for tax purposes) my vacancy expense during this time frame ?  

Basically, now that airbnb is so known by everyone, there are many people that will utilize it for their purposes. 

See Washington State RCW 18.27.090 - paragraph 12 (Section 18.27.090 which is talking about who is exempt from contractor registration):"(12) Any person working on his or her own property, whether occupied by him or her or not, and any person working on his or her personal residence, whether owned by him or her or not but this exemption shall not apply to any person who performs the activities of a contractor on his or her own property for the purpose of selling, demolishing, or leasing the property""Luckily" in Washington contractor registration is pretty much a joke.

Except as provided in § 1.263(a)-1(f)(3)(i) (for purposes of the de minimis safe harbor), a taxpayer must capitalize amounts paid to facilitate the acquisition of real or personal property.

For discussion purposes, I will use a 10 - 14 unit in SC example.