Nearly 3 in 10 (28%) of homebuyers say they’re planning to purchase a multi-generational home.Maybe it’s a solution that would make sense for you too.

Still somewhat true for STRs, too.

I still have some time open on my schedule.

I’m scheduled to close in 7 days so time is of the essence.  

Lock your jaws and keep ratcheting them tighter until you hear tooth on bone.

Top 3 things that drive me up a wall:Coordinating repairs — whether it’s scheduling with contractors, tenants not being home, or things dragging out longer than promised.

& different parts of the asset can be depreciated on different schedules.To find out the useful lifespan of each component, you do a cost segregation study to analyze all of the parts.The raw land can't be depreciated so you start by giving that a value first.But other items can be depreciated on a quicker timeline.A roof, road, sidewalk, fencing, walls, gates, doors, latches, flooring, air conditioners, pavers, curbing, landscaping, etc.The IRS has a depreciation schedule for each type.Some parts are 5 yrs.

It's mostly for liability protection and formal business structure.From a tax perspective, a single-member LLC is a disregarded entity and treated the same as personal ownership.Since many lenders restrict transferring title to an LLC after closing (it can trigger the “due on sale” clause), keep it in your name and just report income/expenses on Schedule E.Strategy TipIf you want liability protection, consider:Creating an LLC that leases the property from you via a triple net lease structure (have a CPA help with this).Getting umbrella insurance or a high-limit landlord policy to help protect personal assets.This post does not create a CPA-Client relationship.

As a solopreneur, I subscribe to the Zoho One suite for around $45/month, which gives me access to nearly all their apps—including CRM, Mail, Sites (website hosting), Sign (eSignatures), and Bookings (scheduling).

My goal is to make an AI agent that can automate tasks such as - lead qualification and engagement, renter's summary report, manage scheduling showings, etc.