However, like other tax rules each situation is unique to each individual and there are regulations that must be followed for the deduction to be applicable.What is an Investment Interest Expense?

Hello All, I'm a new member who's interested in touching base and learning/sharing experiences with individuals who are growing in the San Diego Area.

I won't go check in on them every day but I will "drop in" unexpectedly, or I will call them on "facetime", or I will have a trusted individual show up just to see what is going on. 

An appraisal is not a statistical analysis, it is an analysis with parameters set by guidelines, there is no "testing"required at the individual appraisal level.

The idea is to offset my mortgage payments by renting out individual rooms.

In some respects, it depends on the track record of the investor rather than you timeline of any individual investment.

As I tell all individuals wanting to invest out of state, regardless of the market, your success rate will largely depend on the resourcefulness and reliability of your team (agent, lender, property manager, contractor).

Tenant did not maintain bath vanity and it sustained irreparable water damage.Unfortunately the vender does not sell the drawer face individually, but only sells the entire vanity.

I've heard that it's better to have a commercial property insurance policy for the LLC that covers all of the rental homes in it since A) it may be more cost effective than having individual normal home insurance policies on all of the homes and B) it will name the LLC as the primary insured party which technically will be the primary insured since the homes will be in the LLC's name. 

When selling your primary residence, you're eligible for a significant tax advantage: individuals can exclude up to $250,000 of capital gains from their income, and married couples filing jointly can exclude up to $500,000.