I did this mostly out of curiosity..I also got the previous home inspection report to compare. 

@Adam FrantzTaxable income from rental properties = Rental income less operating expenses less depreciation less mortgage interest.setting up reserve accounts do not impact taxable income unless you accrue interest income on the reserve funds.

Out of curiosity - are you opposed to investing out of state?

Originally my goal was to buy and hold (and still what I prefer to do) but I also know that the properties I have, have accrued a lot of equity. 

Form 1116 is filed to claim the foreign tax credit if you are an individual, estate, or trust, and you paid or accrued certain foreign taxes to a foreign country. 

That's really no longer possible, and it's not thanks to me that the neighborhoods we've invested in have improved as much as it has.I followed my curiosity in 2022 and bought a 7-unit apartment building.

So I'll link the law below for anyone who isn't in MD but pretty much you're required to keep security deposits in an interest accruing account at 1.5%, then interest is returned with the initial deposit to the tenant (if I'm interpreting this correctly).

(and certainly not all the extra interest that accrued at the higher default interest rate. )Question : Do we, as investors, then get to claim a tax deduction or write-off for all the interest - including the default interest - that was not paid?

I'm going to request a copy of the full report soon but I haven't heard any update from the lenders on the applications yet, so I'm waiting for them to call, in case they're busy with other tasks, I don't want to burden them since it's mostly curiosity.

Now he's got my curiosity up to see what he is hiding, but I'd just pass on this one.