I am getting increasingly serious about purchasing an office building here in Denver in the next few months. 

You are required to file a complete and accurate return, which means reporting the income that you earned along with atleast the direct expenses that you incurred on your rental.There are two comflicting forces - Your tax accountant wants to be aggressive with deductions because it will entitle you to paying less taxes(now or in the future).Your lender wants to see as much income as that will increase your Debt to Income Ratio(DTI).The good thing is that you can speak with your lender about 'one time expenses', that were only incurred in that year and are not reoccuring. 

Your situation is different than the majority of people on the boards and the general population; you have a paycheck for life. 

The hot tub was just for the luxury of having it, but we justified the purchase by increases the AirBnb nightly rent.

We would now like to increase our access to cash via a HELOC that incorporates the new ADU in the appraisal. 

Now that Trump won the election, I wanted to get a discussion going about what potential impact this could have on towns along the Rio Grande Valley like McAllen, and Brownsville, Texas.The population growth in these towns has been great over the years making it a worthwhile investment.

I do not think they are sketchy is just that they do not go by all of the state regulations and they might charge you a cancellation fee or increase rates more often.

@Brian Quo50k increase per year on say a 1million dollar house is 5%.

@Calvin Thomas Grant funding I think will actually increase prices as the grant money comes from taxes so you are paying it anyway.

In those situations, focus on value-add opportunities—like rehab, repositioning, or optimizing expenses—that can increase the return on your investment.Keep in mind, the 1% rule is just a quick filter.