Everyone makes mistakes now and again when filing a tax return whether it be forgetting a deduction, missing a portion of your income, or improperly depreciating an asset.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

. ;-)But, where mentors/coaches/teachers should shine, is directing individuals on the path they choose, in the market they choose, providing the fundamentals, through marketing, acquisition, ownership, asset protection, taxes and goal planning.

@Jeremy H. not sure where you are doing your research - there's a lot of misinformation online.Short answer: Yes, the improvements that you make to your backyard do increase your tax basis rental property, but not all of the expenses can be depreciated.

Let's not belabor the point, but Worcester's commercial tax rate is directly shaping what gets built in the city.Sure, you can spot all the shiny new residential developments in Worcester, but where are the hotels?

We are from California and looking for investing in STR for tax purposes and good cash flow.

*We are married so $500,000 tax free.

If the prior owner actually came and made a claim and tried to reverse the tax sale then that would make sense to me.

Essentially this delays taxes. 

Now I know with that we got a great interest rate and at first I planned to not pay it off early as our tax break is helpful.