The $25,000 deduction phases out as you earn up to $150,000.If your income is above $150,000, your rental losses are suspended and carried forward.The above wouldn't apply if you can claim real estate professional status.

Just make sure you have good documentation to support your claim.

Some of these investors have bought these properties without even visiting them and claim it is going very well for them.

Not sure what you mean by claiming what I didn't pay, I paid to improve the property before it was rented.Yes, it seems strange to me if someone purchases a home, improves it, then rents it, that they can't claim the value of the improved property for depreciation, as they paid to improve it.

Grandiose claims...

I agree we had a slow Q4 and Jan 2023, but nothing significant to support your claim above.

You would need to close in your personal name and then quit claim to an LLC at a later time.

There is some sagging in the floors which will need to be re-levelled by installing new beams etc.For a newly renovated 1 bed 1 bath living room space I'm thinking 1500 isn't unrealistic for the Fells point area? 

You would definitely not want to take my advice on which syndications to invest in, but consider the experience as every one of these investments was pitched as the G.O.A.T. investment just like I suspect you are hearing.The point about ROI claims is 5%, 0% even -100% fits that "up to" definition.

Would you refund the guest who cancelled (claims it was due to illness), or take what the cancellation policy allows me to take on top of the money I will get from the nights being booked?