Real estate is an excellent way to leverage deductions and reduce taxable income.

A home sitting for months might be because it was listed during a slower rental season.Marketing and Property Management: Some landlords don’t market their properties well, or they might have strict tenant requirements that reduce the pool of potential renters.3.

State and local municipalities have an ever-growing demand by non-landlord homeowners to reduce or eradicate STR's in their neighborhoods.

Reduce your housing expenses?

If your wife’s family agrees, you could look into purchasing the home from the trust, possibly before it enters probate, which could save time and legal headaches.Reducing Closing Costs: One way to reduce closing costs is to negotiate a private sale among family members, which might save on agent commissions and some taxes.

It’s also important to document any insurance reimbursements received, as losses must be reduced by that amount.

So, I can't see reducing it further.

I am trying to see if I should just try to find a cash buyer who wants to hold the property and I could either finish the work as part of the deal or offer it at a reduced price for them to finish...my other option is to try to do a cash-out refinance since we have done a significant amount of work, can I still get a semi accurate appraisal without the entire work being complete.

As you mentioned here, we are also reducing our commission on certain deals whether its to make the #s work or to have the seller pay our entire fee.I also agree that many brokerages haven't prepared agents for this.

**Save money**: With reduced expenses (gas, power, tolls, etc.), we estimate that we will be about to increase our savings from about $600 per month to about $2,000 per month.4.