Wanted to get some practice by reaching out to professionals to get insight and to make sure we are asking the right questions and looking at this from all angles before we start our first out of town flip.We likely won’t go through with this one and will take your advice and start off smaller scale.

You’ll also want to consider what fits your strategy—short-term rental, long-term rental, or even house hacking—since each approach affects tax treatment, deductions, and passive vs non-passive classification.

Just a heads up, many states have their own rules for depreciation and personal property eligibility.Ever thought about if the 179 expensing method might be a better fit?

It sounds like a cash out refinance on one of your rentals could be a great fit for what you’re looking to do next.

I've viewed most downtown properties on the market in the past 3 months, and sold one in Deering center.IT"S TOUGH RIGHT NOW.If this specific house isn't of deep personal interest, I would consider moving on to something else that might fit you better personaly without getting yourself into a complicated financial situation.Us Mainers already experienced our big boom in appreciation.  

A 506b didn’t seem like a good fit because of the solicitation restrictions, which is why my thinking initially shifted toward Reg A. 

You’ll usually know within five minutes if they’re a fit.I’m happy to take a quick look at your STRs and see whether a Cost Seg study actually makes sense and how it would fit with your tax picture.I hope that helps, and I'm glad to connect.

Some come with Zillow's screening, some with DoorLoop's, etc.We use RentRedi and like how it fits our workflow.

Find the route that best fits into your lifestyle. 5.

Entity structure should be determined on a case-by-case basis, and there is no one-size fits all.