Don't rely on your personal income to pay this back - it's a big mistake.2.

)For a moment I felt the lure of push button marketing on the internet with instant access to cash buyers and amazing leads!

Hi everyone this is Brad Sumrok and I am excited to be attending BP Con as an attendee and exhibitor. 

Not only will this help you save on additional costs, but it will also provide you with valuable knowledge and experience for any future endeavors.

When it comes to reporting this income, beyond the importance of being truthful on taxes, a few key questions arise:Are there any advantages to reporting higher rental income on your 1040?

Hello All,I have found a few posts on this topic but still hoping for a bit of clarification in regard to this specific situation.I currently have a tenant that is wanting his good friend who is ill to move in with him so that he can take care of him.

He asked for my help or advice in how to get onboarded as a vendor for professional property managers so I thought I'd ask here.

This is not a "real estate rental income" activity as defined by the IRS, so whether you are a REP or not, you can take this benefit.All of this is separate from a QOZ Investment, which would require you to first recognize a capital gain from another source (say a stock sale), invest that gain, hold it in a Corporate or Partnership structure (likely partnership), meeting the substantial improvement qualifications of being a QOZB, and then yes, you get to avoid the depreciation recapture at the end of the 10 year hold period, at least for the portion of your investment attributable to the original gain that you invested in the project. 

So, now almost two years later, I've had to close my flipping business because I can not seem to recover from this loss. 

Any recommendations on mentors on how to pursue this endeavor?