A 1031 exchange costs very little as it fits into your regular closing costs.

However, they told me that I have to rezone my property as commercial and that I have to comply with a bunch of different regulations like updated landscaping, parking, etc.

Start-up costs are also deductible but are amortized over 15 years with a limit of 5k.Start-up costs have strict rules and your case might not be the same as this one.Case Summary:Timeline line of eventsStarted investigating property: FebPut first contract (canceled): MayBought first property: December 30thWhether a taxpayer is engaged in a trade or business is determined using a facts and circumstances test under which courts have focused on the following three factors that indicate the existence of a trade or business:Whether the taxpayer undertook the activity intending to earn a profit;Whether the taxpayer is regularly and actively involved in the activity; andWhether the taxpayer's activity has actually commenced.On the basis investor testimony, we may assume that he undertook this activity to make a profit and that he regularly and actively engaged in it.

Ohio law requires counties to revalue all real property every six years with an update at the three year midpoint."  

If it gets rented the owner will update the listing with a new available date; if this moves by 30 days or more you can reasonably assume it rented.

Unless the home is uninhabitable or poses an imminent danger to life, then confirm receipt of their work orders and provide applicable updates as soon as available.

Hey @Marc Shin, I keep an updated list our REI Bookkeeping Firm recommends that I can DM over to you.

Stay updated on local rent control laws and consider hiring legal advisors to navigate regulations. 6.

Here is a quick update on the market for you:Fed's almost certainly going to cut rates this month—traders are split on how big it'll be though.Odds are at 75% for a 25-basis point cut and 25% for a 50-basis point cut.

Once it's provided, your lender will need a day or two to update everything with the loan because they cant balance the CD without the updated payoff info.