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Updated almost 5 years ago, 02/01/2020
Start Up Costs - One time only?
Do you have "start up costs" for each rental property or is it a one time expense for your first property only and ends when you list it for rent? I can't find info on if this is a one time expense when you first get started or if you get this for each new property you buy. For example I just bought my first property last year and so my new rental business started in 2019 and I had start up costs. I bought my second property this year and now I'm having new start up costs for this property OR not since I'm not "starting" my business??