Big improvements like roofs or HVAC systems aren’t treated as operating expenses and can’t be deducted upfront.

Inexperienced operators are.A 30K to 70K house is not inherently unstable.What creates instability is an operator who• buys the wrong street• uses retail-level rehab assumptions• ignores the local payment culture• underwrites like a bank instead of an operator• or treats the price point like a shortcut instead of a disciplineWhen you know how to work in this range, the dynamics change completely.Payment consistency improves.Margins widen.Predictability goes up, not down.The price point is not the risk.The risk is not understanding the game being played at that price point.Most investors avoid moderate-price deals because they assume the volatility is baked in.What they miss is that the volatility often comes from the operator, not the asset.That is the part nobody talks about.And it is why the best opportunities are usually hiding in the places most people walk right past. 

If you keep the numbers tight and treat it like a business, you’ll be in a great spot next school year.

.), just to move the entire reservation to new dates, which Airbnb typically treats as a modification.

Mid 2022 placed as a rental property under LLC (treated as an S-Corp/1065). 

Once you add multiple LLCs, lenders, escrows, and Section 8 tenants into the mix, the chaos compounds fast.We’ve scaled past 20 rentals by treating our portfolio like a real business, not a hobby with rent checks.Here’s the structure that keeps everything controlled:1.

Do you treat single families and multifamily differently?

Treat it like you would any long term rental.

When filing jointly, if one spouse qualifies as a Real Estate Professional and materially participates, the rental activity as a whole can be treated as non-passive for the joint return.

Got my feet wet with wholesaling and it's been treating me pretty well so far, honestly just leaning on my sales background.