✅= You're probably fineWhat Gets You in Trouble:Can't explain structureHidden arrangementsToo good to be true tax benefitsPartner disputesBottom Line:IRS cares about substance over form.

Quote from @Steve NA: Hello All,I am new to investing in general (outside of a condo I have rented over the years).

Heightened regulation is going to be a nationwide trend over the next few years.  

I've agreed to pay the reinstatement amount in exchange for them signing the deed over to me.

But because you rent by the room and YOU SELECTED the roommates (for which the other roommates had no control over), that makes you directly responsible to the other tenants should any harm or damage come to them.  

And you are looking at an interest rate around 7% instead of over 10%. 

Yeah, let's connect over a call.

I've been working in software consulting services for over 15 years and it's kind of disheartening that I haven't been able to figure it out, but I've got other things to worry about (like how to get a few more properties so i don't have to worry about buggie tech crap anymore :) ).

I know how to use the basic features of QBO, as I do my own expense tracking, but my Bookkeeper is needed for the more complex entries (Loans, capital balances, reconciliation, data entry from PM monthly statements.)I spend almost 8k per year in QBO and Bookkeeping costs (Not including my accountant or tax prep.)

I have over 30k coming in very soon and working on credit score.