For example, consider a homeowner who rents out some bedrooms for extra money.TurboTax should just ask for the home’s various expenses and, for each one, ask what percent should be attributed to the rented part of the home.

Not only you can - you must - capitalize labor specifically attributed to making improvements to your properties.

NO... it was the FUTURE results that made it good or bad.If you believe that there is risk of buying a property where you cannot make it cash flow, then you buy as according to your ability to cash flow the property.I'm merely stating that the Characteristic of Cash Flow should not be attributed to the Property.

That'll be attributed to the cost of acquisition of the property.

If so what do you attribute your success to Any advice, feedback, tips and tricks would be greatly appreciated!

As I reflect back on the last 10 years I can directly attribute my success to two things: First, a persevering attitude, refusing to accept no as an answer and a willingness to outwork the next guy and Second, amazing mentors who always took time to coach, guide and help me along the way.Now this post is not about me or my journey, but rather about a young college kid who reached out to me 14 months ago via Bigger Pockets.

Also, there are quite a few areas where the bankruptcy data is not available or next to impossible to mine.Low FSS can be applied to a list along with property attributes so you would only be mailing to owners with property you want to buy.

However, qualified improvement property doesn't include any improvement for which the expenditure is attributable to the enlargement of the building, any elevator or escalator or the internal structural framework of the building.3) No, I didn't mean that.

My "word" is my strongest attribute and look forward to making more connections.  

I don't know whether to attribute it to more flipping competition or guys willing to work for less.