Rather than giving you the list, first, let me say that you can deduct expenses that meet these two criterions: Ordinary Course of BusinessNecessary in the course of businessHere is the list some of the items:1) Mileage: any mileage that is associated with the rental activity.

And it should probably have off-street parking.

Is the property on a highly trafficked street? 

Here are some that I've visited and found very useful:https://www.meetup.com/Addicted-to-ROIhttps://www.meetup.com/RealEstateAtWorkhttps://www.meetup.com/Fixated-On-Real-Estate(it doesn't mean that everything else is worthless, only means that I didn't visit all of them ;)Also I found that some actively moderated Facebook groups are also very useful, in particular would recommend WAREI group:https://www.facebook.com/groups/WAREI

That type of area is a very specific street by street case when it comes to good and bad rentals in the area.

Basically there were two owners that bought/built the whole street of duplexes in the 70's.

I am active in Monmouth County NJ which is a pretty hot market so if you are interested in working together on multifamily investment properties please contact me.

I agree with your logic on doing the rehab myself, however, this would be my first flip and I have no one to actively manage and oversee the whole process as I live about 14 hours from it.

You might want to separate the asset holding (passive) from the operations (active) side.3.

It is ordinary and necessary for real estate investors to notice wear and tear from year to year and claim "depreciation" on their properties.The rule that your accountant is referencing to is the "real estate professional status" which allows you net losses from your rental activities with your other income if your adjusted gross income is above $150,000.