Pass-through entities are Schedule C businesses, partnerships, S-Corporations, and rental businesses (Schedule E) and LLC's who are taxes as the above entities.The income from each entity is treated separately, therefore, a loss from one entity cannot offset income from another entity.Capital gains are excluded from the the pass-through deduction calculation.

Generally, a buy and hold investor would use an LLC, whereas a high volume flipper would have their LLC taxed as an s corp.

GENERAL RELEASE KNOW ALL MEN BY THESE PRESENTS: That I/we hereinafter called _____________ for and in consideration of the sum of One and 00/100 ($1.00) Dollars, or other valuable considerations, received from or on behalf of , _______________ hereinafter called _____________ , the receipt whereof is hereby acknowledged.HEREBY remise, release, acquit, satisfy, and forever discharge the saidAssignor, of and from all, and all manner of action and actions, cause and causes of action, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills, specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses, damages, judgments, executions, claims and demands whatsoever, in law or in equity, which said ___________________ ever had, now has, or which any personal representative, successor, heir or assign of said , ______________________ hereinafter can, shall or may have, against said Assignor , for, upon or by reason of any matter, cause or thing whatsoever, from the beginning of the world to the date of these presents, and in particularly in regard to any lease, option, or contract regarding the real property located at: ______________________.IN WITNESS WHEREOF, I/we have hereunto set my/our hand(s) and seal(s) this day of _____________, A.D., 2019.Signed, sealed and delivered in presence of:______________________ ______________________State of __________________________County of_______________________________

s point, if you can't trust your insurance agent to guide you thru 'should I turn a claim in or not?'

Buy and Hold's have caught my interest in the best few weeks and I definitely welcome a conversation with you on the matter(s). :) I love to network and would like nothing more than to find my bearings and get my RE Investing practice off the ground. 

-The 2nd mortgage is note to the investor(s) that would be on a 10 year note for the DP-I can handle the financial risk the bank wants by securing against one of my current properties-I'm not too crazy about these ROI's. 

You want to make sure the #s make sense from day 1 so that if the property appreciates its just an added bonus and if it depreciates, you're still good with the #s you originally had at acquisition.2.

@Mike S. , Refinancing makes it more complicated compared to HELOC.

Just wanted some other eyes on it, seems like all the #'s are great but I currently only have SFH's no multi's and those SFH's have been more BRRR than this would be with multiple exit strategies.My SFH's i do 10% for Maint/Capex i upped it to 15% and i do 5% vacancy that I increased to 7%.  

My question(s) for you are:- What were (if any) drawbacks on renovating this particular style of house?