@Matthew Kissane I'm not familiar with FL warranty companies but my suggestion would be to look up a few different ones and read the fine print on coverage and deductibles.

Essentially any expense related to the property or the maintenance of the property would be deductable. 

Things are different now though with newer banking liquidity standards, so I am not really sure the same thing would happen again.

Fix it up to standards acceptable to get a loan and then put the mortgage on it.

I've created my SOP (Standard Operating Procedures) for the organization and have lots of perspective from the stakeholder experience of a renter and lessons learned from the PM company owners.

So, if I were to sell it by 2020 (within 3 years of turning it into rental), I pocket the entire capital gains on the property (roughly $65k) but I will instantly lose my $750/monthly cash flow from rent as well as all other tax deductions and depreciation I could benefit from each year. 

Even using California standards.

These are a little atypical vs. the standard "set at 72 degree" units.

Stay away from odd properties, buy cockie-cutter with standard features and finishes.

Dear all,I have a rental unit which is 100% owned by me (no loan against it) and is worth 140 k. I want to know, if i get HELOC against it and use those funds to buy another investment property - will the interest on ...