Cash reserves are crucial to handle unexpected expenses like repairs or vacancies.

As I'm sure you know watch your expenses on this one closely to try to re-coop some of the unexpected costs associated with the furnace.

The unexpected increase in coverage leads to a further increase in premiums which we never asked for.

Although to me plumbing and electrical are the most critical components of turnkey so it’s a bit concerning this came up on inspection for a turnkey property. 

This is out of an article that should help you get your research started: A taxpayer may not deduct losses sustained in the demolition of buildings and their structural components.

That’s the first big component of a short-term rental tax strategy.

In Miami setbacks serve as stones towards achievement.Cash, the essential component of transactions flowed generously with 54.9% of purchases being made in cash.

My 1031 proceeds are half equity and half debt and I can not fund the debt component with any additional personal funds.  

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

so really I didn't care what it looked like after I left, because the immediate benefit to my personal finances and wealth happened while I was living there.Two years later we had an opportunity to move to another area of town that came up unexpectedly and at that point I ran the numbers and the rent appreciations made it easy for us to make that move.