@Brian WertI would suggest reporting 2 rental properties on your tax returnDuplex Unit 2 & Duplex Unit 1(1 room)You are entitled to a expense/capitalize all the costs directly attributable to the rental units.Example - You pay to advertise the units. you would be entitled to deduct 100% of this expense.You are entitled to take a pro-rated expense for costs that are indirectly attributable to the rental units.

It takes being creative in the space to stand out from the other MTR operators who are all trying to get their places booked. 

It's actually as follows:Fannie Mae is expanding the definition of reserves to include all components of the monthlyhousing expense (PITIA), including: principal and interest, hazard, flood, and mortgage insurance premiums (as applicable), real estate taxes, ground rent, special assessments, any owners’ association dues (excluding any utility charges that apply to the individualunit), any monthly cooperative corporation fee (less the pro rata share of the master utility chargesfor servicing individual units that is attributable to the borrower’s unit), and any subordinate financing payments on mortgages secured by the subject property.For properties 5-6: six months of reserves on the subject property if it is an investment property, and six months of reserves on each other financed second home or investment property.For properties 1-4: six months of reserves on the subject property if it is an investment property, and two months of reserves on each other financed second home or investment property.

If debt-financed real estate is acquired via an IRA, any income attributable to such investment will generally be subject to unrelated debt finance income tax.5.

In my last visit I honestly saw so many great attributes about it - not surprised by the attention it's getting.

Are you implying that the $5,000 loss is specifically attributable to tax depreciation (i.e., a non cash expense)?

Almost all of these successes are attributable and would be unlikely without the help of BiggerPockets!

Many of us can print money today with great design because it delights guests and makes our listings stand out from all of the average ones nearby. 

To stand out, you need a dialed marketing strategy.

You need to stand out.