The process took about 45 days (about 15 was attributed to my going on vacation, etc.).  

We attribute our positive BRRRR experiences to our rigorous and risk-based due diligence, conservative underwriting, and meaningful networking.Operation:Net annual cash flow equals approx. $37,800 after 19% reserve for Vacancy/Credit loss and Capital Expenditure across the portfolio.Goals:We are looking to acquire a 50+ unit commercial-residential complex (<$4M) by the end of the year.

Now if you replaced a tree or planted a new tree, that would be a landscaping improvement that would normally be depreciated.It goes without saying, that the portion of a repair expense attributed to your residence unit is a non-deductible personal expense.

You should not be reporting rental expenses attributed to your rentals on page 1 of Form 1065.I would put accounting expenses under "Legal and other professional fees".

Because you are an owner occupant, only the  percentage of the total cost of the refi that is attributed to your rentals is amortized as a rental asset; the rest might be a Schedule A entry but only if you itemize.Select "163 - Loan Fees" from the drop down menu, continueEnter the loan term in years, continueLet TurboTax do its thing. 

Lot's of confusion always around what is a turn, upgrade, renovation etc... there is no clear cut definition but different submarkets have different vernacular that is attributed to the amount of work being done in the unit.In my world, unit turns are make ready's completed by management and upgrades or renovations are completed by a GC. 

You don't have to share any personal details, or even the address of the property, but we'd like to learn some general attributes of deals you're looking at and help you make sense of them. 

., in your case, 40% personal / 60% rental.So I would use your first section "House" to allocate expenses directly attributable to main house, e.g., utilities paid for the main house.And I would use your second section "Cottage" to allocate expenses directly attributable to the cottage, e.g., utilities paid for the cottage. 

As a first time investor I recommend getting into the best market you can afford to get into, just nothing in a town that would be considered an "A" town unless you intend on owner occupying and there's attributes to that town that you want directly, such as a particular school system, etc. 

Honestly, it sounds like they're BLOWING it and my instinct tells me this can be attributed to poor management.