$0 net income after taxes

[Xavier A. Malave]

Good morning, quick question. After doing my taxes I’m left with $0 net income because everything this years was losses and no gains. 

Does that affect my refinance once I finish my first BRRRR, having a $0 net income?

Thanks for your time!

[Steve Vaughan]

Quote from @Xavier A. Malave:

Quote from @Steve Vaughan:

Because almost all costs of acquisition and rehabilitation expended prior to the rental being placed in service go towards the cost basis, I question why you have so many write-offs.   

I think it was because of the way with made Hardmoney loan. 

My loan fees have always been depreciated over the length of the loan but I've never done hard money.   

Again- costs to acquire and rehab prior to being placed in service most likely shouldn't be expensed.  They are added to the cost basis. If you paid $100k and had $12k in loan, acquisition and whatever else additional costs prior to renting it out, your cost basis is $112k.