Have a chat with your CPA, but there are some very nice benefits with, say, going to work on your property on Friday and Monday, but then enjoying the weekend at your lake house and being able to deduct travel and some of your meals.Airdna.com is a good resource for estimating vacancy and revenue potential. 

Also, PMs deduct repairs from rent before passing it along to the owner.

Your excuse for not paying is court costs, which are not eligible to be deducted from jv profits, and a totally different set of contracts to a property you just said you sold, but reclaimed...

That is a cap rate of 40% without deducting the usual.

That is a cap rate of 40% without deducting the usual.

At the beginning I got an acceptance from the bank to take a loan as an individual for a mortgage loan with a 4% interest this is like starting with no company which will get me with fewer expenses for the beginning (lower mortgage payments, no need to start a company and pay monthly an accountant for this but I cannot count any expenses that will be made in my investment, my country gives a standard 5% deduct on individuals so let's say my annual income is 10000€ , I got to pay 10000-5% = taxes for 9500.) 4.

I recently bought a book to read up on landlord tax laws, “NOLO’s Every Landlord’s Tax Deduction Guide”.

If I deduct 2 years of expenses (taxes+insurance) of $24k from my 2 years rent I would pay of $78k, then I am as a positive $54k. 

If qualifying assets are overstated you've opened yourself up to fines and penalties for taking tax deductions that are not allowed.

So lets say you bought for 500k and sold for 800k [300k capital gain] could you then deduct 200k (2/3 of the 300 k capital gains since you lived in the 2 out of 3 units???