Also, test listing it on Facebook Marketplace or local community groups if you haven’t yet.

There are significant tax benefits at stake and there's a lot of variables you don't want to miss.biggest things are renting the property out for an average of 7 days or less, 100 hours and more than anyone else's time (or one of the 6 other material participation tests, and not using the property too much post move out

Since the purpose is spiritual purification rather than economic utility, the expense fails both the ordinary and necessary tests for deductibility.Therefore, it is not a business deduction on your Schedule E, but if you make a donation to a qualified church or religious organization, it may be deductible as a charitable contribution on Schedule A if you itemize. 

I tested a few CRMs early on, but kept switching before really learning the ins and outs of any one platform.Once I chose one and focused on consistency, the biggest challenge became organizing my contacts in a meaningful way.

I was in this program, simply for the "boots on the ground" @3k/month in Philly to test out two deals there.

If your plan is to use a HELOC short-term (say, 6–12 months) to fund BRRRR deals and then cash yourself out with a refinance, an interest-only HELOC absolutely makes sense in most cases.Here’s why:Lower monthly payments: Since you're not paying down principal during the rehab phase, your carrying costs stay minimal—especially helpful if the property isn't cash-flowing yet.Short-term use = less risk from adjustable rates: Most HELOCs have variable rates, but if you're repaying or refinancing out within a year, you're not as exposed to long-term rate hikes.Better cash flow = more flexibility: Lower payments free up cash for rehab, holding costs, or even your next deal.A few things to keep in mind:Make sure your draw period is long enough (typically 10 years), and check if there are any prepayment penalties or required repayment timelines.Have a solid refinance exit strategy—including appraisal comps, rehab timeline, and seasoning rules from your target lender.Watch for lender restrictions—some HELOCs can be frozen or reduced if the market dips or if your credit profile changes.If this is your first BRRRR, consider stress-testing your numbers with a few extra months of holding just in case things go slower than expected (they often do on early projects!).

The Profits of the Limited Liability Company shall be allocated to the Members as follows:Test 1 – 50%Test 2 – 50%5.03 Allocation of Losses.

The cellular option is cool for exactly that reason... avoiding dependency on tenant internet.Might be worth a demo or test unit to compare signal strength / reliability between the two systems. 

If not, even though you are a re pro, losses are passive & deductions are limited.There are 7 scenarios that will qualify as material, and you only need to meet one:*500 hours*Substantially all participation*> 100 hrs and at least 1/2*Significant participation*5/10 years*Personal service activity w participation in last 3 years*Continuous participationTo materially participate, you must be involved in the operations of the activity on a regular, continuous, and substantial basis.Once you pass the pro test, the material participation often comes along for the ride.You can elect to aggregate all rental real estate for purposes of measuring material participation under Sec. 1.469-9(g).Your time spent on all your rental properties (STRs don't qualify) counts as one activity, making it easier to materially participate.In order to make a strong case with your CPA and the IRS you need to document your hours.Best practice is an hours log where you are as specific as possible.

I don't own any properties with asbestos siding and I have my concerns, so I hired an asbestos professional to go check it out, grab some samples and conduct testing.Still waiting to hear back from the Asbestos testing but I wanted to know if anyone here has experience, knowledge and or own any properties with asbestos siding?