Otherwise, you can only write off its business portion.

•Continue tracking expenses and maintaining organized accounts.4.Grow Deal Flow:•Use a small portion of your credit for marketing campaigns (direct mail, Facebook ads, etc.) to source deals consistently.

Their previous lease includes a portion of storage in the basement with laundry access(also in basement).Current set up: tenant occupies floor #2 with separate access to the basement for their laundry and storage.Future plan: reno basement and remove storage/laundry access for tenant.

Essentially you are creating future tax free income by being able to roll over these losses.If your income is between $100,000 and $150,000, a portion of that $150 loss is deductible and the rest rolls forward.If your income is less than $100,000, your loss is fully deductible - and THAT's the cool thing about rental income. 

@Maynhia Stott the only portion of tax liens sold over the counter in Colorado are the ones not sold at auction.

I dont know how many units you are talking about, my biggest problem was tenants having easy access to me.I finally decided to use a software and got an internal property manager so moved away from it.Currently setting up the maintenance request portion of it, so will see how it goes.

It does have some road running through a portion of it and it does have the railroad running along the border. 

You don’t start paying on the rehab portion until you actually draw that money, but you will need to start paying on the purchase price immediately. 

.- Good luck getting them to pay their portion for the duration of their lease- Be careful including utilities in the rent as they then won't care about a running toilet resulting in a $500 water bill.- S8 tenants don['t want to pay application fees- S8 tenants cry broke about paying security deposits- S8 tenants in the program for 10+ years claim ignoreance on filling out their paperwork because they've learned a desperate landlord will do it for them.If you want a S8 tenant, you MUST advertise on www.AffordableHousing.com

Otherwise, you can only write off the business portion.