I am a first time investment property owner and i'd like to know the optimal way to report a house purchase and rehab on my annual taxes.

Having said that, a $7K loss, if accurate, is a lot for you to bear.Have you considered approaching her and letting her know that the time line isn't optimal for you and perhaps work something out?

@Trent Torzewski ours is very profitable, but I think it depends on your product and how much time you spend optimizing your listing.

Looking for RE savvy CPAs who can offer good guidance around RE investing decisions from a tax perspective and optimizing deductions while preparing tax returns.

If you are looking to optimize cash flow, I'd think that even though the recently redone was done poorly will still rent for more.

I suspect Sacramento is not close to being out of Bay Area people with 20% down moving to the area and looking to optimize by buying a multi (guess how I'd know...). 

Obviously a very rural location is not optimal.

The service also includes a simulation tool to backtest and optimize each portfolio.

This will optimize your cash-flow and minimize your taxes.

Good cleaners tend to know good handyman, which tend to know good plumbers, electricians, etc.Also you can learn from books like Optimize Your Airbnb by Daniel Rusteen, but you’ll learn more by diving into your first property.