Hi Julie,Passive loss can be used to offset ordinary income if your income is under threshold. 

If the net of the rental income and expense is a loss, you can deduct the loss against your other passive income without limitation or ordinary income ( w-2) with limitation.

Installing all the siding/painting to mansards, patio and balcony repairs, restoring 12 units that were empty due to a fire and helping with make readies and turn overs.  

We are mainly looking for an Open Concept 2b2b, W/D in-unit, dishwasher; 1 parking spot, and an outdoor space (e.g. balcony/patio), but not opposed to looking at a few 3b2b. 

When doing our inspections I look for cigarette butts in the parking spaces, outside the residence doors and patios, in the fireplace, and in the floor vent ductwork.

I deducted $200 for more than the ordinary wear and tear cleaning cost.

backyard patio.....

These initial investigatory costs are treated differently for flipping and rentals1) Flipping:  the travel cost to investigate will be treated as a business cost and deducted as ordinary travel cost.

For landscaping, sprinkler, patio you can do a 15yr depreciation and also get a first year bonus.Just some thoughts to do more research on.  

Unfortunately this income is taxed as ordinary income.