If so, then you can't deduct the mortgage interest, but you can deduct a portion of property tax.And you will have some other expenses such as Internet and maybe mobile phone costs - but you will need to separate out "personal use" vs. business use.

The panel on the wall was wired for electric and an internet connection so they can put a TV there if they want or just hang a picture or mirror if that is their thing. 

"I hope I won't get audited" is not a strategy for success.Secondly, I will caution that there is information on the internet about "partnering with your IRA" such that a joint venture is setup. 

As such, we took the gamble we won't have a catastrophic loss from a NS and, if there is any damage, the same $10K we'd have to pay anyway with insurance will take us a good way to being "whole".My own personal home, which is a duplex, is insured at a $250K value and I pay $3600/year for that. 

Internet and phone and cable should be in their name so if they don't pay for it, it's not on your credit history. 

A mistake in todays world, with the internet blasted with information, is not a learning experience it is unacceptable.

I have been scouring the internet, evaluating properties, and giving the "Rental Property" evaluation tool on this website a workout. 

I started going there since about 1990 from SoCal for fun and vacations so i've watched it evolve over the years from a dusty gambling town to an international resort destination and I see huge opportunity there over the next decade - it reminds me of LA around the Sunset Strip and Hollywood in the 80s when it was run down before billions of dollars started flowing in and now those areas are some of the most expensive in the city. 

This is when I created the website above and posted the review as well as attached it to reviews across the internet (Google, Yelp, BBB, Houzz).

Congratulations, you have found one of the most valuable free resources on the internet for real estate investors new and old.