We’re investing from out of province (Newfoundland) so we need someone on the ground. We need someone well connected due to the hot market in Halifax. We’ve spoken with a few listing agents who seem well informed but ...

Richmond almost certainly will have impact, as we already have a not-insignificant population that commutes to DC and NOVA every day.

I'm going to believe in the greater good and expect rent checks in my account within 7 days for Nov as well.  

Capital gain is in there, but I'm guessing these decisions are marred by the thick political bureaucracy in LA and elsewhere.

Stessa is a free web based service that can also track depreciation for you as well.Something like this: Depreciation and Capital Expenditures 410 Pacific Item Property Closing Flooring Appliances Remodeling Windows In Service 2020- March 2020- March 2021- Mar 2021- Feb 2021- Oct 2021- May Basis $ 37,419.00 $ 965.60 $ 5,712.00 $ 2,920.00 $ 7,720.00 $ 3,800.00 Recovery 27.5 yrs 5 Yrs 5 Yrs 5 Yrs 27.5 yrs 20 Yrs Convention MM / SL MM / SL MM / SL MM / SL MM / SL MM / SL Year Total Land ($9,355) 2017 $ - 2018 $ - 2019 $ - 2020 $ 1,246.27 $ 1,077.29 $ 168.98 2021 $ 3,241.54 $ 1,360.55 $ 193.12 $ 999.60 $ 511.00 $ 58.52 $ 118.75 2022 $ 3,750.77 $ 1,360.55 $ 193.12 $ 1,142.40 $ 584.00 $ 280.70 $ 190.00 2023 $ 3,750.77 $ 1,360.55 $ 193.12 $ 1,142.40 $ 584.00 $ 280.70 $ 190.00 2024 $ 3,750.77 $ 1,360.55 $ 193.12 $ 1,142.40 $ 584.00 $ 280.70 $ 190.00 2025 $ 3,581.79 $ 1,360.55 $ 24.14 $ 1,142.40 $ 584.00 $ 280.70 $ 190.00 2026 $ 2,047.05 $ 1,360.55 $ 142.80 $ 73.00 $ 280.70 $ 190.00 2027 $ 1,831.25 $ 1,360.55 $ 280.70 $ 190.00 2028 $ 1,831.25 $ 1,360.55 $ 280.70 $ 190.00 2029 $ 1,831.63 $ 1,360.93 $ 280.70 $ 190.00 2030 $ 1,831.25 $ 1,360.55 $ 280.70 $ 190.00 2031 $ 1,831.71 $ 1,360.93 $ 280.78 $ 190.00 2032 $ 1,831.25 $ 1,360.55 $ 280.70 $ 190.00 2033 $ 1,831.71 $ 1,360.93 $ 280.78 $ 190.00 2034 $ 1,831.25 $ 1,360.55 $ 280.70 $ 190.00 2035 $ 1,831.71 $ 1,360.93 $ 280.78 $ 190.00 2036 $ 1,831.25 $ 1,360.55 $ 280.70 $ 190.00 2037 $ 1,831.71 $ 1,360.93 $ 280.78 $ 190.00 2038 $ 1,831.25 $ 1,360.55 $ 280.70 $ 190.00 2039 $ 1,831.71 $ 1,360.93 $ 280.78 $ 190.00 2040 $ 1,831.25 $ 1,360.55 $ 280.70 $ 190.00 2041 $ 1,712.96 $ 1,360.93 $ 280.78 $ 71.25 2042 $ 1,641.25 $ 1,360.55 $ 280.70 2043 $ 1,641.71 $ 1,360.93 $ 280.78 2044 $ 1,641.25 $ 1,360.55 $ 280.70 2045 $ 1,641.71 $ 1,360.93 $ 280.78 2046 $ 1,641.25 $ 1,360.55 $ 280.70 2047 $ 1,244.69 $ 963.91 $ 280.78 2048 $ 280.70 $ 280.70 2049 $ 81.91 $ 81.91 2050 $ -

I plan to do north of 50 deals in 2017, good luck on MLS getting that done,or getting them at the rock bottom prices we are getting here around DC and NOVA.

If it is a turnover, we look at current market rents and adjust accordingly, not determined by month but by current market, although we expect it to take longer to rent if it's Nov - Jan (but also ask for a longer lease so next one ends Mar-Jul).  

Schmid’s – The District (2415 N Park Blvd, Tustin, CA) Cost: $25 Per person in advance, $30 at the door – lunch included Website: www.ocinvestorsclub.com SoCal REIA (Aaron Mazzrillo and Ryan Skalla) Day: Second Thursday of every month Time: 6:30pm networking & 7:00 meeting Location: Radisson Ontario Airport (2200 East Holt Blvd, Ontario, CA 91761) Cost: $25 per person Website: socalreia.com San Diego Creative Investors Association (Bill Tan) Day: Second Tuesday of every month Time: 6:00 networking & 7:00 meeting Location: Scottish Rite Center (1895 Camino del Rio South, San Diego CA, 92108) Cost: $20 per person, $10 for members Website: sdcia.com North San Diego Real Estate Investors Day: Third Tuesday of every month (except December) Time: 6:00 networking & 7:00 meeting Location: El Camino Country Club (3203 Vista Way, Oceanside CA, 92056) Cost: $20 per person Website: nsdrei.org Inland Empire Investors Forum (Nick Manfredi) Day: Fourth Tuesday of every month Time: 6:30 networking & 7:00 meeting Location: Eagle Glen Golf Club (1800 Eagle Glen Parkway, Corona, CA 92883 Cost: $25 per person or $195 annually Website:http://ieinvestorsforum.com/ Orange County Investment Club - FIBI (Joe Lahore & Reggie Lal) Day: First Tuesday of every month Time: 6:00pmm Location: Embassy Suites, 1325 East Dyer Rd, Santa Ana Cost: $14 Webiste: http://www.meetup.com/ORANGE-COUNTY-FIBI/ San Diego Investment Club - FIBI (Reggie Lal) Day: First Thursday of every month Time: 6:00pm Location: Del Mar Hilton, 15575 Jimmy Durante Blvd Del Mar, CA Cost: $14.00 Website:http://www.meetup.com/FIBI-San-Diego-Investment-Club/ Lady Landlords of San Diego (Janice Bell and Jasmine Willois) Day: Fourth Thursday of every month (Third Thursday in Nov. and Dec.)

When I lived in NOVA we had an absentee landlord and she used a local agent for lease signing, but the actual owner signed the lease and we paid our rent directly to the owner.

Here’s an article that goes in depth on the rules: https://www.thetaxadviser.com/issues/2017/mar/navigating-real-estate-professional-rules.htmlHere’s an excerpt: Steps to Qualify as a Real Estate ProfessionalThe following steps should be followed to determine whether a taxpayer first qualifies as a real estate professional, and if so, whether the taxpayer's rental activities are nonpassive:Step 1: Identify and group the taxpayer's real property trades or businesses.Step 2: Identify the taxpayer's real property trades or businesses in which the taxpayer material participates.Step 3: Total the hours of participation in those real property trades or businesses in which the taxpayer materially participates.