You definitely want to get with a competent tax advisor for personalized advice.

You are bidding based on still owing that amount. depending on the state you need to know what is superior and inferior. think about it this way, you are marrying a person with kids from a prior relationship - those kids do not go away, you are taking them as well.2.

Best to talk the tax issue over with a CPA but the loss will be reflected in the K-1's and can offset gains in other deals, provided they both flow through to the same entity (or you personally).

(Our personal State Farm Agent recommended them and so far its worked out well) We are in Indiana. 

"How I Built This" by NPR features interviews with successful entrepreneurs discussing the stories behind their companies.

My first yearApril 18, 20232BR, 2.5BA CondoApril 19, 20242BR, 2.5BA Condo - Former Primary3BR, 2.5BA Home - Primary1BR, 1BA Guest Studio, attached to Primary2BR, 1BA SFR - MI3BR, 1BA SFR - PA5BR, 2BA MF (2 units) - PALet me preface this by saying there are far more impressive stories than mine. 

If the tenant had mentioned that they needed these appliances replaced before they moved into the unit, then that's a different story.

I know there does not seem to be a strong presence on BP for people in the New River Valley area (Pulaski, Radford, Blacksburg, Roanoke) but I would like to try and get some type of networking event going (either in person or in an online group). 

I would still take a look in person since Detroit is block by block.

I have personally been involved in house hacking and furnished rentals for over five years, and it's been fascinating to see the quality of mid-term tenants we've had over the years.However, it's worth noting that in our area, the demand for short-term rentals on platforms like Airbnb and VRBO has declined in the past 24 months.