BUT you might be able to apply for historic tax credits, get favorable property tax treatment, etc.

Shower curtains, window treatments, lawn mower, etc.

Which means almost everything you read about the general tax treatment of residential real estate investment property is wrong.Dealers vs.

For example, if your inspector comes up with termite damage, you can ask for a price reduction or treatment by a licensed exterminator and repair of the damage by a licensed contractor. 

There is a waiting list to rent at $450 per month.ExpensesOwner pays water/sewer/garbage pickup, $200 month average.Lawn mowing $35 per week, plus greentree sprays and fertilizes 4 times a year for $100 each treatment. 

The amount of monthly qualifying rental income (or loss) that is considered as part of the borrower's total monthly income (or loss) — and its treatment in the calculation of the borrower's total debt-to-income ratio — varies depending on whether the borrower occupies the rental property as his or her principal residence.If the rental income relates to the borrower’s principal residence: The monthly qualifying rental income (as defined above) must be added to the borrower’s total monthly income.

There is no incentive to negotiate and there are a lot of risks and downsides to doing so that a lender won't mess with (Think discriminate or desperate treatment to one class of borrowers over another).Your lawyer is flat out high if he (she) really said that to you (Put it into an LLC).

It usually takes a couple treatments to get rid of them.

I’ve done some surface level research and know that you can pay third-party services, but wondering if I can outright cancel due to medical reasons for my dad (cancer) who is too weak to travel.

Tax treatment depends on a variety of issues such as how you structure your real estate investments, if you actively manage, how long/if you live in them, how you finance them, and how long you hold them before you sell them.