Whichever loan that you decide to use, the interest will be tax deductible due to interest tracing rules.

I personally have had positive experiences with section 8 tenants because it's a long process to get the privilege of rental assistance and many people don't want to ruin it by mistreating the property that would make them eligible for eviction.I see that you're in CA, if you ever need a realtor to seek out a good fix and flip for you, let me know, I've helped plenty of people before!

My main account has all the rents deposited and all expenses deducted such as mortgages, some utilities and an electronic payment app connected to the account to pay contractors.

Hard money loans offer fast approval and don't risk personal assets but come with high-interest rates and fees, which can be tax-deductible as carrying costs.

Note that legal and transfer costs are not deductible but can be added to your cost basis.

Key points include:Security Deposits: In Indiana, there’s no legal cap on security deposits, but you must return the deposit (minus any valid deductions) within 45 days of the tenant vacating the property.Evictions: Follow the formal process carefully.

If they work independently, set their schedule, and use their resources, they might qualify as a 1099 contractor, but misclassification risks IRS penalties.Wages for W-2 employees and payments to 1099 contractors are both deductible business expenses, but compliance is key.This post does not create a CPA-Client relationship.

I THINK you could probably just expense your deductible if insurance didn’t cover 100%.

The interest would be tax deductible due to interest tracing rules. 

So, if your property has all bills paid by the tenant, you will deduct from the voucher amount the set amount by bedroom count for items like water, electric, gas, etc.