Chemdry cleaners say they can treat the carpeting for $550 includes all stains and dog urine treatment which is supposed to make the urine outgas in a period of a few days.

Worst case, the IRA losses it's tax treatment and you pay taxes and fines....might not be a big deal, but probably is.

I have tried to research this in the IRS code and can’t seem to find anything that describes the treatment of this.

This is very subjective preferences and there's no wrong answer here.What I do not like about paying off cash property is that there's no better treatment for tax purpose.Also if I'm still on my early productive age, I would rather have 3 rentals with each 75% LTV, rather than having 1 paid-off primary.The reason is, in 10 years time I would make more money if I invested to several highly-appreciaed house, rather than only one.I am also one who see mortgage is not a debt instrument, but capital asset for less-risk higher appreciated investment 

I'm going to try to have a level-head while writing this review since the treatment meted out to me was pathetic, to say the least.

Also, the tax treatment for owner occupied units is favorable and at least here the capital gains after a certain period get favorable tax treatment.

Sometimes 5 years is enough to either sell the property, refi it or pay off the debt.Agree that appreciation is the icing on the cake as well as favorable tax treatment. 

If it was a junkyard, gas station, wood treatment facility, transformer factory, etc, it will be contaminated. a few months ago, i saw a default notice laminated and ziptied to the fence of a large residential MF project in Kitsap county, so i looked it up.22m dollar default!

I expect one of the first things Biden will do is encourage much longer-term, much more vague moratoriums on evictions "for the duration of the pandemic" to be put in place.Especially in the blue states, expect measures designed as preferential treatment for poor black folks as a quid pro quo for what Biden obviously understands and mentioned was their role in winning him this election.

So you won't get long-term capital gains treatment at any point.Typically, banks require landlords to own the property for 6 months before they will do a cash-out refinance based on a new appraisal.