If they want you to do the work deduct the cost from your purchase offer.This is BS that you should be paying their freight.

Originally posted by @Steven Picker:I have bought houses where the tenants jumped the meters,but now most power companies have smart meters which prevents this type of theft,it still the electric company responsibility to supply the meters stolen or not, most areas this is not correct Steve.. in high theft areas of the mid west for sure this is not the electric companies responsibility. he will have to replace it.. his deductible is probably such that insurance is a waste of time.. so its just one of those cost of doing business and being a landlord.. and lucky they did not also strip all the copper.. 

One LLC with multi members for rentals- IE: A partnership One LLC with multiple members for flips, potentially with S election, potentially as a specially structured partnership.The home office won't vary nor change whether it's you and your wife listed, the office deduction remains the same. 

Carol,You would first be able to deduct selling expenses. 

Is taking a cash advance for reserves-only, really tax deductible? 

You’ll want to see how that affects your insurance premiums and ability to get insurance because it can make it more difficult.I’m with Cody, I carry high deductible insurance whenever possible Cody L.

Investment property isn’t eligible for deductions and is taxed at 2% compared to 1%.

Hi folks,I recently purchased a duplex, am occupying one unit and renting out the other.  Everyone seems to recommend separate bank accounts for the business (as landlord, collecting rent, paying expenses, repairs, et...

and if you really want to get into the weeds, interest is tax deductible.

A $100K property purchased with $40K down of IRA money ... producing 10% return would generate a tax bill of between $0 and $200 per year depending on the deductible expenses.