Make sure to gather the correct contact information for your representatives and ensure you grasp their inspection procedures.

You’re correct that simply owning property in the U.S. doesn’t make someone a U.S. resident for tax purposes.

Insurance deductible: This can be deducted in the year the claim occurred, as it relates to property repairs.You are correct that depreciation begins when the property is placed into service, so it should start as of December 26th, 2023.This post does not create a CPA-Client relationship.

Am I looking at this correctly?

Asking in the correct forum will get a better response.Need a spreadsheet or form?

I really don't trust the people on the phone to be correct so I switched.

LL Flooring, formerly known as Lumber Liquidators, is closing all 430 of its retail stores after failing to secure a buyer during its Chapter 11 bankruptcy process. The flooring retailer is the latest in a growing lis...

Thank you for the correction! 

Yes I paid for it and it cost me more than having to manage but I put a lot of value to time and family.You are also correct, depending on the type of property if investing in rentals, there are things that happen during the day that cannot wait until the weekend.

But in general you’re correct, SFR don’t lend themselves to “enhanced” ROI opportunities as often as commercial real estate.