However, a recent case highlights the importance of thorough documentation and substantiation when claiming deductions, especially for unconventional items like recreational vehicles (RVs).In a curious attempt to write off $40,943, a business owner argued that their RV qualified as a legitimate business office.

However, in the next couple weeks I'm sure I will be attempting to turn the lines into cash and make a purchase.

In many states it is the landlords obligation to attempt to re-let the place as fast as reasonable once a tenant gives notice, but the tenant is on the hook if you are unable to get the place re-rented.This is also likely the best policy for you regardless of the law of your state.I’d market the property immediately and try to place a tenant as soon as possible.

I read it is best to get a Team and I am attempting to grow that Team. 

What are the tax ramifications of deciding not to rent a rental property and just leave it empty?
This is a property purchased via 1031 exchange, rented briefly, and depreciation has been taken for 3 years.
Long ter...

I have done things with attorneys, CPAs, stock brokers, insurance brokers and others successful in business.General business knowledge, understanding of financing requirements, knowing property valuations, maturity in personal financial matters to give general advice, understanding of the foreclosure process, legal aspects as to liability in leading someone into financial matters, fully understanding fraud issues and the differences in a general matter where fraud might be applied as generally thought of and what may constitute bank fraud causing or even attempting to cause a loss to an insured bank having different standards.

In an attempt to clean up the industry, legislation was written by those who 1) had never been lenders themselves and had no understanding of the industry and 2) their biggest campaign contributors were big banks (look up Barney Frank, Chris Dodd, and Elizabeth Warren's campaign contributors at the time and you'll see big banks).

I am a first time real estate investor looking the following property : https://www.redfin.com/OR/Forest-Grove/2418-Cedar-Cir-97116/...its a pretty large duplex in Forest Grove OR,  the trick is though, its on a lot zoned for a 4 plex so I am lookinginto house hacking, converting into a triplex, then living in one unit while renting out the remaining two unitsThe left garage has been converted to living space, with a living room, half bath, a laundry room with a sink and some counters/cupboards and a bedroom, it is a part of what was an existing 3bd unitIf I were to acquire the asset, I would first attempt to convert that space into its own unit The line items as I see (be in mind, I am totally new to this) would be to >put up dry wall where the door to the rest of the house is,>add a shower to the half bathroom >install a water heater in the adjacent 3bd unit> install a kitchen in the laundry room, (stove , oven , sink, counter space)>add a shower to the half bath Assuming I can convert it to a 3plex, I could at-least cash flow on my investment after I leave My plan would be to put minimum down payment of 3.5% (FHA loan) that way I can have a decent amount of capital free to do the renovationsThe only concern is when I crunch the numbers to get my ROI, I have no idea how much its going to cost to convert the additional living space to a third unitAny experienced investors here know how I can estimate this before I try to make an offer?

Over the past several years I've tried to educate myself on the logistics of buying and managing a house as an investment and attempted to learn from other peoples experiences in REI.

My AC unit was stolen right before the tenant moved in, back door and frame broken and needs to be replaced from an attempted break in (alarm scared off intruder) on a different house.