lol It says RENTAL HISTORY not PO Box history lol. have you been able to physically talk to the applicant on the phone?

Regardless of how you financed your rental property, you can generally deduct repairs and take advantage of depreciation schedules.

How would you like to be a tenant waiting on a repair because the owner wants 3 bids for everything and not only will that delay the repairs, but you'll have 3 people coming through your home everytime you make a maintenance request?

That is 80% of the purchase price and repairs or renovations that you can show receipts and proof right away without having to wait 6 months.

However, you can file Form 8832 (Entity Classification Election) to change the LLC’s status to a disregarded entity, provided you act promptly.If you don’t make the election, you’ll need to file Form 1065 by March 15, 2025, adding complexity but retaining the same tax benefits, such as deductions for depreciation and repairs.

When I got suspicious, I asked my realtor to send me a copy of the funding letter which was on letterhead & had the name & phone number of InsulaI do believe two of the partners went with them due to the low interest fees.

With a DSCR that would be Over $100k needed not to mention you may need to do repairs.

Should I continue to pursue the original house deal by deducting their estimated repairs?

I obviously want to get the best tax benefits and write off the expenses for the house and repairs I have done.

Then, more advanced stuff that those without licenses will have a tough time with: active real estate agents working the area - so i can call them to preview my house - in case they run into potential buyers they know of in their office, Then, I have Listingbook software on my I-phone ( Works with MLS data- by subscription)- that actually knows the number of searches of homes in any given area - so I can blast a promotion of my house to all the agents that have clients looking in the area (not just my subdivision -unless that is what I want), and...for the investor in me: track all the mortgages recorded against the property, so I know how low of an offer I can make - based on the mortgages on the property.