Would these expenses be deductible?

After deductions for management of 5% (seems low), vacancy rate of 6% (100% occupied now), 14% for maintenance to units, $195 monthly HOA condominium fee for all exterior grounds, parking and h20, sewer, insurance, pool, trash etc.

Hi @Sandy Franklin - I have a vacation rental in Portland, Oregon and manage it myself and 20% seems awfully high to me, I think the standard is 10%.

So in this instance you buy off what the market is going to turn into right after you buy the asset and not actuals.You can have actual bills for utilities but the seller might have gotten a special deduction you will not or a special assessment or large increase is coming.

That's not the standard defintion.

The bad news is, amount you paid for the deductible is the only amount you can depreciate.

@Brian Ortins there is information on mass.gov, but I can't seem to find the specific information I'm looking for relative to how to deduct the credit from expense deductions properly.A quick summary of the way the credit works.

I'm factoring an extra 6-8 weeks on top of the standard 6-8 week schedule for the rehab.

@Joseph Tarallo HELOC is also tax deductible, which is better than a credit card.

$500 is pretty standard if they just send you a lead on a FSBO sign they saw while driving around.