High earners can reduce this gap through proactive, customized planning.Effective strategies include maximizing retirement contributions through defined benefit or solo 401(k) plans, leveraging cost segregation to accelerate real estate depreciation, and utilizing donor-advised funds for tax-efficient charitable giving.

Velocity of money, or speed in which you can complete a BRRRR investment and repeat, is key to success, and refinancing with the shortest seasoning requirements is highly important.Loan terms and interest: Cash flow is also an important consideration for a refinanced rental property, so attaining a low interest rate, as well as other aspects of loan structure (term, amortization, or interest only, etc.), plays a big role.Generally, there are three main refinance options for BRRRR method investors: Conventional loansBank/credit union loansDSCR loansConventional loans are generally defined as loans originated under GSE (Fannie Mae/Freddie Mac) rules and guidelines and securitized.

But if your agreement defines "income" from the guest as any monies received by the guest, including fees, cost reimbursement, etc., then that's what you have.

This serves as a strong foundation; BP not only creates opportunities for networking and building connections but also provides valuable learning resources.I highly recommend that you define your financial goals. 

Energy Efficiency & Weatherization Programs Programs like NYSERDA’s EmPower NY and county-run weatherization grants help low-to-moderate income homeowners upgrade energy efficiency (insulation, heating, appliances) (broomecountyny.gov).How to Access These Opportunities Program Who to Contact Eligibility / Steps DRI City Planning Dept & LPC Community input process; wait for RFPs for local projects Restore NY Broome County IDA or Planning Assess if your property is within target addresses Home Repair Grants First Ward Action Council Income-eligible owners in First Ward BLDC Loans/IDA Grants Binghamton Local Development Corporation & Broome County IDA Businesses ready to invest/expand NYSERDA & Weatherization Broome County OFA / NYSERDA Income-based eligibility; apply via program websites ✅ Next Steps Define your interest – property rehabilitation, rental development, small business, energy upgrades, etc.

Make sure to research your market and define your buy box early so you can stay focused when the right deal comes along.

To have peace of mind before renting it out, is there a third-party inspection service that can check the unit's structural safety and other aspects to protect myself and future tenants?" 

In this process I've come to realize how many factors go into getting the right roommates and potentially converting one or more bedrooms into Airbnb short term/long term rentals, although admittedly I am new to both aspects and investment real estate in general and would love to connect with professionals or others who are making similar purchase and living decisions or who have gone down this path in the past.

More a question for you and an attorney as it defines the relationship.

It is attached to the house.I would think the IRS would define a deck so that it isn't a question.