I decided to move my patio to a more private location where no one sees me to have that peace.. even though she blasts her TV through her open window.

For example, if you must make repairs after a tenant moves out, you still depreciate the rental property during the time it isn’t available for rent.Vacant rental propertyIf you hold property for rental purposes, you may be able to deduct your ordinary and necessary expenses (including depreciation) for managing, conserving, or maintaining the property while the property is vacant.

yes it's legal because the income is not on ordinary income but on passive income in IRS eyes, they would not check anyway.

Purchase price: $1,360,000 Cash invested: $500,000 1BR 1BA with outdoor patio and water views in Manhattan's beloved West Village What made you interested in investing in this type of deal?

I also extended the kitchen / dining room in the bottom unit by about 200 square feet to provide a usable indoor space and replacing some of the covered outside patio.

The tax benefits are also great.Where interest earned from lending personal money is subject to ordinary income tax rates, interest earned in a traditional SD 401k retirement plan is tax-deferred or tax-free through a Roth SD 401k plan.

You are paying ordinary income rates on the interest -no way around that.

Interest income from lending is taxed at your ordinary income rate.

  - Any payments made on the note will be recognized as income for you and subject to capital gains tax - Interest accrued on the note will be subject to ordinary income tax rates in the year you receive the paymentsHow to navigate around this1. 

Everything passed except for the "secondary roof" which consists of a membrane roof over an unheated, patio "room" separated from the man house by glass sliders.