For the background information, I am in a partnership with my parents for buy and hold investment properties.

My question is, Can I deduct any of the repairs and reno costs as part of our rental hustle (Not forming an LLC yet) even though the house is technically Owner Occupied while the repairs are happening?

(would it be a surprise if you find out subletting is allowed later)Can you review their initial applications and background verification if any? 

Remember, you'd still technically own it, UNTIL you're paid out in full.Example questions to ask yourself: do you reckon it's in an area that will show solid appreciation into the future?

My background is in the commercial real estate financial markets.

NOW, with my finance background i analyze the properties in a way that makes sense to me with that being said IM REALLY INTERESTED IN LEARNING HOW PEOPLE VIEW AND ANALYZE a "deal". be as detailed as possible on your analysis and how you go about it, your steps and the reasoning behind it. as i see posts come in i will posts how i go about mine so that you guys can critique and also give me pointers.PS: if you guys have deals in northern and central NJ please let me know were looking to close on the right deal ASAP

I'm being fairly picky about background activity (mainly bankruptcies and evictions) and pets, so that's not helping.

Also, a property is not technically a MF until it has more than 5 units.

There are a number of people on here with engineering backgrounds.

A little background for anyone not familiar with Globeville, it is an industrial neighborhood in North Denver nestled between Sunnyside and RINO (click  here).