., 100+ hours and more than anyone else), you may qualify for the STR loophole, allowing depreciation and losses to offset W-2 or active income, even without Real Estate Professional status.

Fix and flip loans for any BRRRR opportunities that are purchased either good margins, could allow you to leave no to minimal cash into any deal.

Or do you keep it minimal until the city asks for more detail?

When it comes to minimizing capital gains tax,  it’s worth speaking with a real estate-savvy CPA or estate attorney before taking title.

.🚩 I work full-time + have 2 small kids — I cannot afford 3–4 months rent loss or legal delays.My Questions:1️⃣ Is it better to serve Notice to Quit July 1 and regain control?

LLCs allow flexibility in allocating profits, losses, and decision-making.Tax Benefits: As a partner/member in the LLC, your significant other will share in the tax benefits like depreciation, cost segregation allocations, and business deductions.

Quote from @Collin Hays: Some people are actively seeking out losses to "help with their taxes."   

.🏡 Maximize income, minimize vacancy—that’s how long-term wealth is built.

I am looking to renovate the unit; new flooring, painting the interior of the unit and a refresh / remodel of the kitchen and bathroom.I obviously would like to minimize my cost whilst at the same time maximize the ROI from these updates.

My tracker includes:Purchase price + acquisition costsHard money loan breakdown (points, interest, etc.)Holding costs (insurance, taxes, utilities)Rehab budget by category (demo, framing, paint, plumbing, etc.)Actuals vs Budget trackingProfit/loss summaryI update this weekly as invoices and receipts come in.