(not to argue with @Ashish Acharya), but technically you might be able to write off a very small portion of that $15K.

But done correctly they let you double dip appreciation cash flow and tax write offs for up to 6 months. 

Every detail needed to be agreed to in advance in writing.

If you have construction knowledge, that may be a plus for a value-add deal.Without any capital or experience, it is going to be hard to lock up a property, so my advice is to partner with someone.We do this occasionally with talented individuals who want to add value to the sponsorship.

I would put it in writing that the binder payment only holds the unit for 5-7 days, during which time you do your due diligence on the tenant and then meet to sign the lease and collect ALL move-in fees. 

Hi all,I was listening to a podcast talking about if you bought a new SUV and put your business information on it, you could write it off 100%.

Be nice, document all in writing, avoid phone calls or if you do talk make sure you record all the conversations- download ACR for your phone- save recordings, always prepare for court...I have some good vendors in Austin.

If you can’t compete with those terms you’ll probably find it tough to connect on the offers you’re writing.

pretty sure that would be a write off.. either mileage or gas and insurance and car..

What you’re talking about here is a write off to offset your rental income.