If passive investors don't setup a business or LLC, then does that mean they can't deduct the business expenses such as attending education seminars, trips to visit properties, meal etc. on such trips etc.

Note: If you go to the same meeting each month, you can do detail tracking for a month, and can use same detail to estimate expense for rest of the year.( If nothing changed)2) Meals when traveling away from home - 50% is deductible unless the meal is provided to the general public (like Open houses) than it is 100% deductible.

Meals when traveling away from home - 50% (100% in 2021) is deductible unless the meal is provided to the general public (like Open houses) then it is 100% deductible.

I do my best to keep updated on Tax related items; meals, allowable deductions, depreciation, etc to add value and insight.

As to the deed, use a Special Warranty Deed if there is something about the warranty you are excepting out, like an underlying mortgage, otherwise use a Warranty Deed for the chain of title.

I had expenses that I do not believe should be capitalized with that property such as mileage, shipping costs, purchases of tools, meals. 

The final link in the TDR profit chain is the final passage of the Receiving Area legislation.  

If they're loud, I'm not so sure tenants would want to use the hood exhaust consistently.My new tenant is a stay at home mom, and I recently realized that she cooks full blown meals for lunch and dinner, smoke smell and all. 

Now, obviously you see the importance of this method to keep from being in any cartoon...LOLA couple hundred bucks to any jake leg with a chain saw might do it for the limb....the whole tree would probably be 1,000/1,500 hauled away in my area.Can't tell, but where does the electric come in at?

Eat 5 healthy small meals per day and cut back on sugar3.