Excellent market but competition is fierce.

My clients and I have used Cost Segregation Authority with excellent results. 

Hello @Jay Moore Renting out a room can be an excellent way to bring in some extra money, but I’ve found that there are a few key steps you’ll want to follow to make the process smooth and successful. 1.

However if the host elects to pay the entire fee then that would make the host fee 15%, which would need to be subtracted instead of 3%.On that screen there is a button to export the report via Excel. 

In one of the cities I work you can actually go thru the FOI requests and often pull the excel link to lists already created for others. 

But the Subto team excels in guiding you.

Real estate is an excellent way to leverage deductions and reduce taxable income.

As others have mentioned you start on Form 4562, but in my opinion you should have a simple google sheet or excel to track all of this for your properties.

@Samuel M.I have an excel spreadsheet that you can plug in principal payments and see how much interest you can save.

And after moving from excel, I also used rentredi, quickbook, avail, zillow rental manager, and a few others i cant remember.