I've been living in my current house hack for ~1.5, and I placed my tenants in September 2023 (lease is up at the end of August).

A CPA can ensure proper filing of rental income on Schedule E and help identify tax-saving strategies, such as optimizing deductions for maintenance, repairs, and travel.

Some may have very small thresholds for repair holdbacks on purchases but this is typically limited to make ready items not to exceed $2,500 in costs to cure.

They either list owner-occuiped houses for sale or know they can show a normal buyer 5-10 houses for a sale.- It's not profitable for them to search for under-market priced houses, figure out repairs needed or what other problem is pushing the price down and do even more for a newbie investor that has analysis-paralysis and may never buy anything.Some questions you'll want to share the answers to with any agent you choose:1) Are you paying cash or getting a mortgage?

You can also write off expenses such as property management, insurance, repairs, etc.

Regardless of how you financed your rental property, you can generally deduct repairs and take advantage of depreciation schedules.

Some apartments are open to "corporate" housing.#5  Airbnb -  Do NOT mention "airbnb".   

How would you like to be a tenant waiting on a repair because the owner wants 3 bids for everything and not only will that delay the repairs, but you'll have 3 people coming through your home everytime you make a maintenance request?

For residential multifamily properties (1 - 4 units), can you use a home warranty to take care of the repair costs associated with rentals?

Hi All, any input on renovating a house and possible tax exemptions under an LLC?