@Craig JeppesenYes, I am willing to admit I made this mistake, repaired walls and repainted without the Kilz treatment.

The home will also need termite treatment and new circuit breaker box.  

And it can still make sense as a cash-flow play due to Arizona's very friendly treatment of short-term rental properties coupled with a big tourism draw.Way more dog-friendly too: I walk my dog off leash every single day.

Is it because of tax treatment ?

Part one of the treatment was performed but the T continued to complain about springtails.

Hi all!
My current full rehab duplex project is owned by an LLC which owns nothing else or has not generated income yet. My question is can I use the expenses incurred on the project as deductions even though there ...

Ultimately, it is a question of if pass through tax treatment is the tax optimized structure for your situation.  

My business partner (non-spouse) and I are 50/50 owners in an LLC that owns a residential ST rental. We purchased the property in 2021 and put into service, after a renovation, in Nov 2022. Opting for residential rent...

Properties must be held for rental, investment or business use in order to qualify for 1031 Exchange treatment.

An LLC in the US would insulate me from that problem but then it opens a new problem that US LLCs don't have a strict legal treatment here.