Real estate investing can be incredibly rewarding, but it also carries inherent risks, including lawsuits, liability exposure, and unforeseen creditor claims.Navigating these challenges effectively requires a solid team of professionals.

Applying business losses against other incomeOK, you crunched your numbers, including depreciation, and your business has a $10k net loss. 

@Ian Martin It's going to depend heavily on what the home can be licensed for, the finish of the home, and how many residents it can be licensed for.

Updates included a refreshed bathroom, new bedroom flooring, painted and updated cabinets, new appliances, and simplified landscaping with hardscaping for easy maintenance.Fast forward two years, we began a full-scale renovation (approx. $150K) to reposition the property for the long term.

The reality is that the Gross S8 Rent amount on an S8 voucher includes all utilities.

If that goes out, then you are SOL with the guests, including potential for bad reviews.

It has all new appliances including a new furnace.

Quote from @Heather Taylor: If you're interested in self-directed IRAs as a tax-saving approach, there are many great educational resources out there, including on the BiggerPockets blog.

Including the main stack pipe/sewer line?

Hey @Tim Hart, we use QuickBooks Online for all of our Clients and I use it for myself as well (including my REI activities).