We are actively managing two fund offerings, one focusing on real property (REO and off market properties), the other focusing on Pre-REO (vacant first mortgages).

Many states have discounted property taxes and lower yearly increases for owner occupied properties.

Buy and hold used as short term rental property.

Hi folks - I am in the market for a Property Manager in the Rochester area for a 12 unit property.

David, Send us a Private Message and we can schedule a call to see if you fit the group. 

The property ended up being his book keeper's home that she had rented out and was needing to sell.

Since you already have an offer, it’s not really about whether the property will sit for six months, it’s about whether keeping it makes financial sense.

I do emphasize on showing that my 1800 property is not going to magically become modern. 

ACT and the various localized distressed property laws.

Your question has been debated between BP tax experts both privately and publicly, for example here: https://www.biggerpockets.com/forums/51/topics/819991-expens...And we ended up where we started: no consensus and no clarity.There have also been court decisions that support my interpretation, even though I personally find these court decisions debatable.