.- If I deduct the depreciation for tax purposes, I can't add the flooring cost as an improvement to the cost basis when I sell the property down the road correct?

Deduct property taxes, electric, internet or cable, lawn care, etc.7.  

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

I sent him an email informing him that I was deducting the cost of the repair from his SD.

Once the home is under the LLC Ownership, am I able to deduct expenses/mortgage interest payments from my own personal W2? 

It's made those decisions on whether to host a guest with no reviews a lot easier when you know you have recourse to deduct their deposit if they misbehave.Get a good cleaner who communicates with you. 

I usually structure my property management payouts by deducting the cleaners' fees from the gross revenue first, then taking my percentage from the remaining balance. 

We plan to deduct 1/5 of the total ($2444.80) on the Schedule E for each 1-BR unit.

many people don't necessarily have the time or skills to do their books*REI specific tax efficient advice to include business structures, 1031, depreciation, deductions, etc.  

Hey Alan,As a landlord there are tax deduction benefits that you would have.