It's not a RE book, but a book about how passion in your work and life can turn ordinary to extraordinary!!

If you have or will receive equity in or title to the property, the rent is not deductible.Interest - Business interest expense is an amount charged for the use of money you borrowed for business activities.Taxes - You can deduct various federal, state, local, and foreign taxes directly attributable to your trade or business as business expenses.Insurance - Generally, you can deduct the ordinary and necessary cost of insurance as a business expense, if it is for your trade, business, or profession.Read More at: http://www.irs.gov/pub/irs-pdf/p925.pdf And http://www.irs.gov/Businesses/Small-Businesses-&-S...

I wouldn't transfer her lease unless she agrees to no smoking on the property period, that includes decks and patios.

But it is generally considered better to pay tax at the capital gain rate than at the ordinary  income rate  had you not taken the depreciation.

The property was older and had deferred maintenance but nothing out of the ordinary.

taking in account when you hold a larger property with so many tenants you would want to be properly covered. nothing out of the ordinary, it is just another line item (cost) that will be factored in when you analyzing the deal. 

How to be a porn star by Jenna Jamison :lol: I think the 4 books that have all had an affect on me in this order are :•The Intelligent investor by the Godfather, Benjamin Graham•The Black Swan Nassim Nicholas Taleb•Fooled by Randomness Nassim Nicholas Taleb•Extra Ordinary popular delusion and the madness of crowds by Charles McKay

2) Is interest taxed as ordinary income?

Come Monday, we found the backyard patio full of the same stuff: cigarillos and tobacco.

I am in need of a contractor that can do a larger patio with colored and stamped concrete in the Bryan / College Station (BCS, Brazos County) area.Any referals would be greatly appreciated.