When I have a common expense such as buying a tool (i.e. a lawn mover) that I use for multiple properties, how do I allocate the deductible expense to the multiple properties I own?

Essentially, low barriers of entry and not very high standards. 

Inbox me if you'd like to see it)I contact employers, current landlord & past landlords I make my decision based on all information collected and my qualification standards (Brandon Turner talks about Qualification Standards in "The book on Managing Rental Properties"It's good to have a standard practice of evaluating every applicant the exact same way, so I wouldn't say that you necessarily have to run a background check / income verification on every prospect, just make sure that if you don't, it's because something disqualified them before they made it to that point in your screening process.As for the adverse action letter...

Since the interest on a HELOC is no longer deductable I would think you'd be better off getting a line of credit to the business then it is a deductable business expense.

You are asked to assist our pest control by maintaining a high standard of good housekeeping.

My ideal is cash-flow, so I plan to use the VA loan, but I am open to standard mortgage or private money if that's what it takes to find something that meets the criteria quickly.

@Paul Diaz Most people also start an LLC due to amounts you can use for deductions, supplies, miles etc

@Brian Dickerson I talked to Rocket Mortgage and they said 6 mos, which seems pretty standard.

Given you have three, if I were you, I’d have a professional give my financials a once over to be sure there’s nothing I’m missing or simply unaware of.I’m sure you can get tons more feedback on this, but deduct, deduct, deduct...Knowing and taking advantage of deductions can save so much of your money from Uncle Sam.

I'm wondering if anyone uses this exclusively or if you have a policy for standard vs emergency issues?