In particular, your schedule E where you report income and expenses.

I would recommend deciding based on these criteria:Will you get along with them and if they are a good fit for the house.Do they have the basic credit, income, and eviction history that you require.Getting Leases and admin stuff set upUse e-sign technology to get leases signed.

I was talking about GCI - gross commission income - and that has been equaliced to e the same amount for all buyers agents.

Great info Phyllis E.

. :)E

I e had people living in my basement in my third floor in my carriage house.

You can also not deduct "sweat equity" on your Schedule E. 

NOL from a negative AGI would not be stuck on the property.However if you only had negative rental income from a schedule E then the answers would look more like this.How/ where do I utilize that prior loss?

Here are a few incentives as noted by the IRS:168(k) - Special Allowance for Certain Property (Bonus Depreciation)179 - Election to Expense Certain Depreciable Business Assets Other incentives included in the tax code, however, may reduce the need for a taxpayer to perform a cost segregation study because they give preferential treatment for certain qualifying 1250 property such as 168(e)(6) - Qualified Improvement PropertyHave you utilized either of these incentives as part of your cost segregation study?

Even if you live in a Home or one of the Units you can still set the address or other units up on your "Schedule E" and claim the standard deductions.To be totally compliant I would tell you to refinance and transition the property into an Investment property and close it in an LLC.