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.

The board can levy some hefty fines against you if you operate without it being approved for STR.

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???

Cleaning out units, I plan to pay a cleaning company for turnover and pass on any extra fees for cleaning out units (like left furniture/food etc.) onto the tenants via a deduction in security deposit. 

In addition I paid my parents a contractor management fee which I do include in the costs.Now I know for tax purposes they will not include my personal travel (I already deducted that as on my sched C), I know none of the CC interest or fee's would be deductible anywhere, but regardless I plan to include them on the gross.