However, the exact treatment may depend on your accounting method (cash vs. accrual basis), but most individual taxpayers use the cash method, meaning they typically report expenses when paid.

This is how the rental income is reported on their personal tax return."

Are there any cities or neighborhoods that you’ve seen consistent success with for multi-family properties?

I’m wholesaling/wholetailing in San Antonio and have been doing so consistently for the past year and a half.

Tyndall Pointe Townhomes, consists of 72 spacious units located in Panama City, Florida.

If the proper reports and documentation are not completed, you run the risk of failing an IRS audit and the cost segregation not being honored.

Did you also include financials/ POF for the down payment/ credit report/ info on yourself such as your experience level operating rentals, to give the seller more peace of mind to lend to you?

Our problem is, with our pet-friendly cabins, guests are bringing their pets and not reporting (nor paying) for them.

@Hoai Nguyen suggest modifying your current lease to cover multi-family setup.Parking, shared access, police report required for landlord to get involved in disputes, etc.

Sections of highway will be closed for a good amount of time.I have seen many reports that the area is very crowed with is normal for this time of year.