@James CarlsonGood day,What type of contract do you write for your traveling nurses.

Regardless of who knows what, and why, you will have to lie, in writing, to a financial institution to get a 90% loan for a rental if it is federally-insured mortgage.

Otherwise it’s time to write them a big check. 

Ive had this done before just make sure it is within the property line and write up your own small contract that the tenant is responsible for its upkeep and repair plus the fact that it stays when they leave.

If your income is strong and taxes are accurately reported, you have a shot. 90% of investors write off more than they make so this upside down calculation is what causes the average person to qualify for HELOCs.

If I did not report expense for my 2023 tax, how would I write off my huge expense (~20K) for my future profit then?

They did not, at the time of my trial, offer any check-writing capabilities, so paying bills is nigh on impossible unless you find a vendor that will take a virtual debit card or ACH payments.

Write down all your expenses so far, including your time spent moving.

Can you still have tax write off, even if you dont have an LLC ? 

His final determination (3rd choice) was Schedule E, although this is not what i expected and is not nearly as beneficial when it comes to writing off expenses towards my income / lowering AGI as schedule C.