We're putting up decorative wood-slat noise panels next week for this purpose. 

It's very important to know which hours count and which hours don't for the purposes of this test! 

Since the property is already renovated and rented, there’s less opportunity for big deductions like rehab costs or bonus depreciation from a cost segregation study.Where investors sometimes miss out is depreciation planning, the turnkey provider sets everything up, but rarely talks about how to structure ownership or when to group properties for tax purposes.

Meanwhile I'm having to add several hundred dollars to my monthly expenses for the purpose of 'principle paydown'.Principle paydown PALES in comparison to appreciation.

Hey Drisana, I think that and ADU for your purposes could be a really good idea as it can be a place for your kids/investment now or down the line.

And ironically, we are investing in a private note currently.

It's definely possible, but ironically, people typically do it the other way around.

Once you know your initial lane, the path gets much clearer and the right teammates show up fast.Glad you’re here, brother — stay consistent and keep your purpose in front of you.

However if the LLC's purpose is asset protection, then the borrower on the mortgage needs to be the LLC.

Disclaimer: This message is for educational and informational purposes only and should not be considered legal, tax, financial, or investment advice.