We are currently operating as a sole proprietorship and are now ready to create an LLC.

What are some of my main concerns, what questions do I need to be asking our accountant, and should I be considering for the fu...

THIS WILL BE OUR FIRST HOME PURCHASE (3 CO-OWNERS). WE ARE REMOTE BUYERS. THE SELLER HAS A REPAIR COUNTEROFFER.We're not sure how to proceed, any advice would be greatly appreciated.
About the house: It's in Tampa, a...

I am in a process of buying a property to rent it out. I know that the cost of bringing the house to habitable conditions is only deductible when you sell the property. But since you can deduct property maintenance ev...

I am just starting to look at my first properties with my girlfriend and we stumbled upon a listing down the street for a duplex being sold as an approved short sale. We are determined to buy a small multi-family prop...

Hello BP World! Let me start by saying WOW, what a network of people on this site. I’ve never come across a larger gathering of like minded people who are all so willing to assist one another in every facet of busines...

When I call (professionsl) people to ask about repairs, they usually ask if the place is a rental or my home. Why? Do they charge more for one or the other, do they place a residence later in a queue? Does a rental ge...

I currently have a couple of properties in my own name. For asset protection purposes, I am looking into putting them into a company name. I currently have an S-Corp that I was going to put them in. However, in some o...

Hello 1031 pros!I am preparing to move primary residences and at the same time, sell a rental property that's been in business use for about 10 years.  I am seeking to 1031 out of the rental and into a 'mixed use' pro...

The large family in one of my rentals is freaking out about black widow spiders, but I had never seen a spider, a web, or any infestation in the house before they moved in. I advised them to spray all around the found...

My tenant called me to let me know the pipes had burst at the rental. Her lease states that she is responsible for damages to property due to negligence. When I asked her if she let the water drip she said she didn't ...