You may be able to deduct a portion of your mortgage interest, property taxes, and even depreciation for the rented portion, which can help offset your rental income and reduce your overall tax bill.If house hacking isn’t an option, starting with a single-family home is usually the easiest way to get your feet wet.

When the property is sold, the depreciation recapture rules will apply, reducing your tax basis and potentially increasing your taxable gain.This sounds like it is straight out of chat gpt and does not answer my question. 🤣  Completely agree

This means landlords cannot use lack of legal status alone as a reason to deny housing.As for your questions:Rent collection – If the tenant is paying rent consistently and can verify income, the lack of a Social Security Number does not prevent them from fulfilling that obligation.Eviction – Eviction is based on lease violations or non-payment, not immigration status.

The nice thing is that Land Trusts are often much cheaper to setup, have no annual fee (they are not filed with the state), and don't even need to have their own bank accounts (all banking/accounting can be done at the FL LLC level).The idea behind separate entities for each property, be it cells, land trusts (FL), or LLCs, is to silo off the assets from each other to prevent one assets liabilities from exposing other assets, thereby minimizing the amount of exposure that you have to a single lawsuit or incident.Note: This information is foreducational and informational purposes only and does not constitute legal,tax, or financial advice.

These items cause far more routine damage than tornadoes and insurance rarely covers the small, preventable issues as the cost is typically below your deductible.

I would recommend reducing that.  

We’re trying to reduce USPS trips and are testing a few online mailing options. 

I recently began listing three rooms as short-term rentals on Airbnb, and that’s been going well so far, though I expect demand to slow down as we move into the winter months.I have an on-site property cleaner who receives reduced rent in exchange for their work.

Motivation....they have to have a driving force like:New job in new location, must move before job starts.Life event....marriage, kids, divorce, retirement....must get more bedrooms or reduce expenses.Investor with cash they want to invest...especially 1031 clients.Everyone who is comfy in their house and just "thinking" of moving, is NOT moving. 

and it has some great features, but the staff canceled my training session at the last minute which significantly reduces its value (and increases my cost as I have fewer days to use its advanced features this month, post-training).