The IRS has a publication on treatment for rentals.

Also, your CD analogy doesn't consider appreciation and tax treatment.

It's in an area of owner occupieds, and would still get that kind of treatment: not upper quality, but a standard homeowner quality. thanks for your responses. ofgift

One of those citizens one block away has been working to get a drug dealer out of the house across from his house.

Not a great neighborhood, definitely he scent of drug activity.

The LLC that you refer to defaults to partnership treatment since there are multiple members, so the taxpayer that wants the credit is not the owner, the partnership is.

However, if you like dealing with drug addicts and gang members, have at it.Secondly, learn the laws regarding condos in your state.

Men, as we can see, really don’t spend as much time feathering the nest so as a result we see that contrary to popular belief, men really tend to follow the female’s lead.Generally speaking, you’ll find that men don’t pay much attention to draperies, window treatments, flower boxes, state of the art appliances, Jacuzzi tubs, well-lit bathrooms, large closets or floral patterns of any kind.

This was after the seller had termite treatments and replaced a tiny bit of wood, and had all the drains replaced.

Here's the basic rundown on a potential deal.Couple getting a divorce, husband is drinking/drugging and neither of them are in the house.