If it's less, you’ll have a casualty loss, which can be deductible.

Keep the money in a market, hopefully doing better than the interest they are charging on a LOC, I get to deduct interest against my rental property bringing the effective rate down and they turn around and and make money on my $$.

As other people have stated here, the answer is probably non-deductible to offset ordinary income.

A dwelling unit does not include a unit in a hotel, motel, or other establishment in which more than 50% of the units are used on a transient basis.”)Benefits of a Cost Segregation StudyCapturing depreciation on STR property begins with a cost segregation strategy to maximize deductions.

If you had a good "investor friendly" CPA he/she would write off enough to give you the deductions you need to help counter your W2 or 1099 income.Reason I say sell the first home is even with $40K in equity its not worth it to do a cash out refinance.

We had a roof damaged in a hail storm and got it replaced and paid (minus deductible) via an insurance claim. 

Our average online rating is 3.5/5, which is 60% higher than the 2.2 star average of traditional property managers.Sometimes we need to make a tough decision in favor of one side of the landlord-renter transaction and at a negative impact to the other side (i.e. deducting security deposits).

With the current 80% bonus depreciation, it translates into a $40k deduction and $10k in tax savings, give or take.

Hi all, my parents have 2 primary residences, and they are looking to sell one of them. I was curious if anyone had insights on my scenario:Parents are living apart, yet still file federal taxes as 'married', but file...

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