Rental income would be reported on Schedule E, and these write-offs could offset other income if you qualify as a real estate professional.

Any tips would be appreciated

Please reach out if you have any tips; just here to learn!

If this is your only way to get inco e  your in trouble. 

Quick tips…✅ Everyday Homeowners - track all home improvements as you could qualify for energy efficiency home improvement credit - new exterior windows, new central A/C, new hot water heater, new insulation material.✅ Investors - Keep detailed records of ALL rental property expenses to reduce your taxable income - helping your CPA spot additional tax saving opportunities.Imperative to use a CPA who is well versed in Real Estate tax code.My CPA is just that - DM me to get his contact information....

If you have any tips, tricks, or advice when it comes to flipping, BRRRRing, or development, we would greatly appreciate it!

Quote from @Evan Polaski: @Jay Hinrichs, while I wasn't going to call them MLM, I did attend an Armando Montelongo (A&E's Flip this House from mid 2000's) seminar at a hotel conference room in 2007 or 08, which was the free funnel to spend $1,500 for a three day seminar or $25,000 for an in-person mentorship.I have seen similar promoted with Christina and Tarrek from Flip or Flop more recently.I didn't start realizing how profitable education can be until the last 5 or so years.  

A good tip is to reach out to contractors, visit local supply stores, and check out online resources for cost ranges.

im in the process of doing that right now any tips so i dont overspend on reno since a nonconforming duplex is more valued at cashflow than the arv

So even if its not earth shattering new tips I learn, the structure of the program, clarity of best practices and a timeline forcing me to implement these strategies, to likely be worth the money.