For flipping properties, travel costs to investigate investments can be deducted as ordinary business expenses, typically reported on Schedule C. 3.

@Srinivas BondadaRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

If you do not have any prior experience I would hire a manageable property by a manage company that has section 8 experience or if you are going to manage them, I would get it in a "C" location or better.  

My plan is to start out by purchasing Single Family Homes (SFHs) in *C* class (and above) areas with a budget of $100K-$200K all in, with the goal of buying, rehabbing, renting, and repeating (BRRRR strategy) for long-term holds.

Regarding A/C it isn't optional here in Texas.

STRs cannot be thrown into the same aggregation election that you use when qualifying for REPS.The only way to unlock STR losses is to pass material participation, and pass it specifically for STRs.Myth 6: STRs are reported on Schedule C instead of Schedule EThis myth comes from misunderstanding the IRS instructions that were specifically written to be confusing.

Lets assume B-C class neighborhood in Atlanta or surrounding towns.

I especially think this is true if you're in C areas (and maybe D areas but I'm not in the those areas).

As a general rule, each entity that files a separate tax return (partnership, s-corp, c-corp, etc) will need its own QBO subscription.

I often use "ADA" as a blanket term, but that can be misleading.I've made my Unit C (part of a three-unit property) more accessible, but it's not ADA compliant, nor would I claim that, nor am I forced to since I'm under 4 units.