Utilities for the Rented HouseDeductible as a rental expense from when the property was placed in service (ready to rent).

I'm just starting out learning real estate, but I can't decide whether renting or flipping is a better option.

Another good thing about that is that you can do a cost segregation study based on the percentage of the house that is being rented to your house mates.

Here's a fundamental explanation to get your juices flowing:Assume a house costs $200,000 and rents for $1,500.

The canceling tenant remains responsible for rent, utilities, and other charges until a replacement takes over.

Rental gives $500 monthly income from $2,000 rent.

Paint, Plumbing, Roof, Flooring, appliances.B- neighborhood.55,750 down payment + 20k in repairs.  75750 all in.Median rent for the neighborhood is 2k.532 cash flow.I already asked them to drop the price by 15k for us to remain in the deal. 

They are a commodity, and owners are competing directly against hotels in this space, so rents are ultra low.

These were financial mistakes we made when we were younger, and unfortunately, they snowballed over time.We currently rent but own a rental property out of state that cash flows $600/month and has about $190,000 in equity.

I'm done buying inflated NNN rents at 6-7% caps.