Hi thereAccording to IRS guidelines, once a property is ready and available for rent, meaning after you completed the renovations. you would  be able to deduct expenses. snce this was your main home,  the tax accountant you will use will need to do a conversion from personal residence to a rental for depreciation purposes. the improvement you made, depending on what they are, may be added to your basishope this helps

Investing in a property that’s already renovated, rented, and professionally managed could allow you to start generating passive income immediately without the added expenses of house hacking.What’s most important for you in this first deal—cash flow, appreciation, or long-term stability?

We had our wedding in the back yd, grew the family and added onto the house making it roughly 1600 sf 3 bed 2 bath.

After a snakeable back up in another property due to tampons I added to my lease that tampons won't be flushed and if they are it would be their responsibility to pay for repair.

Or you may find a D street in a B neighboorhood.

We I purchasedthe property, the previous owners updated the plumbing, adding HAVCand updated the electrical.

There is a single family home that was divided and one half has been rented and an ad on small "house" that has also been rented mostly long term.

Rentals generate passive income, so an S-Corp offers no added tax benefit.

By identifying the right buyer within our network and streamlining the transaction process, we added value without requiring extensive renovations.

Account Closed a PMC has two options to get liability insurance (tenant slip & fall) protection:1) Get added to owner's policy as Additionally Insured (NOT named insured).2) Setup a master commercial policy and add every property they manage to it and then charge those owners the cost of the policy.Otherwise, a PMC CANNOT get liability coverage on a property they have no ownership interest in.So, nothing wrong with their request.