I'm working with a CPA who is arguing that STR should be considered a passive designation and therefore losses in our holding LLC cannot be applied to my W2 wages (which are > $150k). My spouse and I will be alloca...

Good afternoon Biggerpockets community! As many have done, I spent a few years in the analysis/paralysis phase but my wife and I finally pulled the trigger on a single family house with a rentable basement in Irving P...

Hello Bigger Pockets Community,I am closing on my first rental property on Friday in Myrtle Beach, South Carolina! It is a 4 unit building with 1/4 being section 8. I've done a great deal in research on the ins and ou...

Accept rent payment from one person only!The most common reason landlords terminate a tenancy is for nonpayment of rent. If a tenant does not pay the rent before the end of the day it’s due, a landlord can immediately...

Hey everyone, I've been told a million times to start running my income and expenses through my LLC. What is the purpose of this? I am worried about running it through my business and then becoming less "bankable" to ...

I am looking at 2-unit apartment buildings and many of them have a "3rd" unit as a garden or basement.  Because they are out of compliance with zoning, it seems that there could be some exposure to city violations, et...

Hello all,

I'm a new investor. I've done single family but looking at commercial deals. I have a property for 20% down and seller finance the rest. We have a tenant downstairs and want to develop the upstairs into...

I am in the process of closing on the purchase of an 8-Unit apartment complex in Florida.  Each unit has four bedrooms and four bathrooms.  The property is within 1 mile of a major public University.  Each of the bedr...

Hello BP Community. I’m kind of in a weird scenario here and I’m looking for a little direction. 

Six months ago my wife kids and I moved out of our owner occupied duplex and purchased our second property single fa...

This is not related to rental property. I did not find any relevant section in which to ask this question. If a married couple owns a property together, do both spouses need to invite a guest? Is it enough if one spou...