You would need to document your hours along with the hours of anyone else.Do you plan to pay this 'co-host'.If you list that as an expense on the return it would likely turn as a flag in the event that you get audited.Best of luck.

Now, of course, every city and state is different, but that is a red flag that it may not even be a real notice?

Foundation issues, fire damage, leaning walls, collapsed roofs, are massive red flags. 

Claiming REPS is a red flag for auditors, so be sure you log everything in detail with your CPA from day one. 

Is this a red flag?

@Ashish Wa You have to be careful with local laws but ESA is definitely a red-flag.

Kidding aside, there are some red flags here, but not enough info to advise upon.Mike

assuming work completes after closing.In the event of an audit, is it a red flag if we claim an "improvement" after the closing date occurred?   

I've gotten to the point where previous home ownership is a big red flag to me.

I spoke with the tenant and they said there was a window between when her paycheck cleared and rent was removed, and is claiming her bank flagged the payment due to insufficient funds.