*This post does not create a CPA-client relationship.

Maintain detailed records of all renovation expenses to substantiate deductions and ensure compliance.This post does not create a CPA-Client relationship.

It's a strategy that has proven effective time and again.Five years is a solid timeframe to account for market fluctuations and ensure profitable sales.

Your write offs are also not effected, so you can write off miles also as an individual owner.

I have 11% taxes and they charge their fees on taxes also so my effective rate is higher since I don’t keep the taxes but pay the fees on them.  

How long a stretch does it run to provide proper slope to drain the water effectively?

Depreciation can create paper losses to offset rental income or passive income, and qualifying as a Real Estate Professional (REPS) or STR loophole can allow losses to offset W-2 income.This post does not create a CPA-Client relationship.

If you want to generate revenue, you have to learn to be more effective.

I look forward to learning a lot here, and to establishing mutually beneficial relationships with fellow members! 

Hi, As a property manager (based in Chicago), I have to say the screening process is paramount, because its the start of your relationship with various prospects.