When I left CA, I rented my house out and subsequently rented a place in Denver while I figured out the lay of the land & decided where I'd like to buy.

Your subsequent post about the city etc. has too many ifs, buts and maybes for my taste.The known available income seems very low to support a half mill loan, plus reno costs. 

Need help with adjusted cost basis of this home when converted to rental in 2017 for filing 2017 taxes.With original purchase and subsequent refinances(4 total) there are typical closing costs, such as points, title, recording and other lender fees.I've being doing taxes myself for my personal and other rental properties I own.Here are my questions:1) in addition to title, recording, what other escrow, title or loan related expenses from the original purchase in 2004 can be added to the cost basis adjustment?

I have a lease renewal on April 1 for one of the two units where I cover the oil cost … on the basis I do the conversion in the spring, I’d subsequently be tasking tenant to cover their own nat gas bills going forward (starting this coming winter).

After getting into SFH, I would say I want to be a bit more enterprising and do "something more".

@Martin Robertson Hi Marty,QuickBooks Online Plus - you will need one subscription for each EINQuickBooks Desktop - depending on your need Premier, Accountant or Enterprise versionsGita

Another example, in a multi-family building there will typically be a single water meter, hence landlord pays the water bill; tenant family size can increase and subsequently water consumption increases with a corresponding increase in water bill to the landlord - no matter what CPI is doing.

The original contract and subsequent renewal options did not include an early termination clause, which would mean under current Florida law the landlord doesn't have to seek to re-rent or mitigate damages, in other words "a contract is a contract".

That assumes your contract allows for you to "automatically extend" your option period without seller's written agreement on any subsequent extensions.

The previous management company of  a property I purchased did not cancel services with a snow removal company upon the sale of the property and subsequent change in management ( it is now owner managed).