I'm sure the BP community would love to be continually updated as well on your progress.

I just need to be pointed in the right direction because I get deals in my inbox from people I communicate with all over the country.

It’s best to be overly cautious, as flood insurance can be a significant expense.

I've been estimating for my electrical biz for over 32 years now & I still make plenty of mistakes lol.Just between you & me....we still call em guesstimates lol!

Capitalized costs increase the basis and depreciation deductions over 27.5 years.

We have tried multiple local collection agencies, and we have not received a penny for over a hundred thousand dollars of bad debt submitted to them.We keep hearing, "It takes time" but it's been well over a year with the most recent one.

These will change over time but always good to start somewhere.

The investors get much more profit out of the property.Recommend having a very open conversation with your FIL, expressing your interest in potentially taking over the property from him.

It is too easy to scam over the internet.

Hello all,Has anyone sold a short term rental owned over a year  as a non real estate professional that qualified as short term capital gains tax deductions with expenses and depreciation?