Monthly snail mail form letters with Joey Tenant's cancelation notice from Mega Insurance company (that typically just rips them off on their fees with minimal coverage). 

My loss can be your gain!

A CPA familiar with real estate investors can help plan ahead.Consider your overall tax picture: Passive activity rules can limit early losses, and structuring your deals correctly can help you maximize deductions while minimizing risks.Getting your team (CPA, contractor, lender, agent, etc.) aligned before you pull the trigger can save you time, money, and headaches down the road.

Since you’re looking at house hacking, you’re already on one of the best ways to start building wealth while minimizing risk.

In both situations passive losses can offset your active income.If the answer is “no” to both, then even if you could technically do a cost segregation study, you may not see much of a tax benefit from it.

But your property still is not a loss, yet. 

(look under 'passive activity')The trick here is that you can't just deduct expenses incurred, you have to take a net loss for the year.

What’s the smartest way to handle a large one-time gift like this to minimize headaches down the road?

The thing with DealSnap is that I’m testing a much more lightweight, super-fast version: copy a Zillow link, fill in minimal inputs, and get a clean, one-page PDF instantly - no learning curve, no extra screens.

Are you looking to stay focused on your businesses and spend minimal time on the real estate?