You can always ask your tax pro if you're unsure.To give you an idea, I built an extensive flow chart for our bookkeeping team to help decide if something should be capitalized or deducted for a rental property and this became our SOP for capitalizing vs deducting.

CAR met with them last week and are attempting to get an extension till April but no word on that yet.

My last one was my biggest one which included a 1000 sqft extension to an 1100 sqft single-family house.

This is my first extensively water damaged home that I may purchase.

The most common is to move in family or a rehab extensive enough that unit cannot be occupied.  

That said I tried to make a more extensive (yet not complicated) website on word press and it was a nightmare.

It’s fantastic to hear you have such extensive experience in the market—especially since you’ve been helping others navigate it since 2009.

But realized they were a lot more hoops to jump through with the city to make it a separate dwelling unit so we have opted to make it an extension of the home.

If you have any accounting questions, please feel free to reach out as I have extensive experience working with foreign nationals in the US.

(Turn-Key- meaning, they don’t have to deal with Tenants, Toilets, or Trash)In other words, all they have to do is close on the carefully vetted properties we bring to them.We provide property management, title, attorney and Insurance.We even screen tenants, deal with the various gov’t programs and provide a 3 month rent credit on the HUD.You’d see a firm that believes in keeping all investors continually “in the know” about their investments.And if that’s what you see, you’d be partially correct.But by taking a deeper look, you’d see that we’re much more than that…People choose us based on four main criteria…✅ Relationships✅ Accountability✅ Integrity✅ TransparencyIt’s about operating with integrity to build trusting relationships, being transparent with both successes and failures, and taking ownership through accountability…Focusing on taking care of our greatest asset, which is the people who choose to align with us.We want them to be able to lie down at night and sleep like a babies because they know we have their best interest in mind and always working to proactively solve any issue that may arise.To be 100% hands-off, while enjoying the passive income that hits their bank account every month.Just as sure as the sun rises…To the tune of double-digit net caps WITH equity.We conduct extensive research to know which markets present the biggest opportunities, which reduces risk and maximizes upside.And the best part?