The safe harbor applies to amounts paid during the tax year to acquire or produce what the regs call a “unit of property” (UOP), you must meet these requirements: (1) at the beginning of the tax year, the taxpayer has written accounting procedures treating as an expense for non-tax purposes amounts paid for property costing less than a specified dollar amount (which will be 2500 for you), or with an economic useful life of 12 months or less;.(2) the taxpayer treats the amount paid for the property as an expense on its books and records in accordance with its accounting procedures. ( do this on your bookkeeping software or whatever you utilize)(3) the amount paid for the UOP doesn't exceed $2,500. as substantiated by invoice.Note: The cost for the Unit of Property includes additional costs (for example, delivery fees, installation services, or similar costs) if these additional costs are included on the same invoice with the tangible property.Eg:A purchases 100 printers at $500 each for a total cost of $500,000 as indicated by the invoice.

Procedure to rent to section 8

There has to be a procedure for a situation like this in place.

In all states, there are very specific foreclosure procedures that a lender must adhere to.

We issue receipts as standard operating procedure via email.

My wife is a dental hygienist.  

In addition to other suggestions above, consider sign at property, posters on bulletin boards where your target tenants hang out.Before you market, figure out your application, policies and screening procedures.

Dear BP Community:After rehabbing my first unit and getting all my ducks in a row, I am on the cusp of being ready to go out on the market for the first time as a landlord. I am excited, and nervous! I would love to g...

Please check procedures in county you plan on investing.

There are state specific procedures, like tow companies use for car auctions.