Do not use a gift letter/claim it's a gift if it's not a gift.

If you have a lender you trust and work with regularly, it wouldnt hurt to have a conversation about it with them.

It is often used by the likes of Uncle G (who, having an accounting degree himself, should know better) to suggest claiming personal expenses as business deductions.

For example, I think when people look at rental rates in Spain they consider regular annual rentals and Airbnb-style rentals which are two ends of a spectrum and have their respective drawbacks (changing legislation, etc).

Flying in monthly helps, but having a local contact (realtor, manager, or trusted partner) is key for regular updates.Use tools like progress photos, video calls, or project management apps to stay connected, and schedule visits at critical stages of the project.

Just FYI :-)Yeah I know Simpson makes a structural screw for hangers now, with a hex head, but I’ve been seeing a lot of regular deck screws used lately and obviously if they’re not structural they don’t have the shear strength needed to support a deck.

Regularly communicate with them to stay updated on progress and address any issues promptly.

During the renovation phase, adhere strictly to the scope of work and budget, conducting regular walkthroughs to monitor progress and ensure quality.As the project nears completion, prepare for sale by staging the property to highlight its best features and create buyer appeal.

Your profile mentions that you are an agent with rentals.You would want to see if you are able to claim real estate professional status.If you are able to claim real estate professional status, you can potentially offset the rental losses with your real estate agent income.Furthermore, TN does not have a state income tax allowing you to be more open with your options.Best of luck

@Angelo Llamas Even if your rental property breaks even, you should still claim allowable tax deductions like maintenance, travel, insurance, property taxes, and depreciation.