You might see that you have depreciated it and taken advantage of the interest deduction that you  are in better shape than you think, so far.I vote sell it and get into something that will help you!

I have a property to wholesale that has its certificate of meth abatement after someone smoked there. It cannot be found on any list as being a meth house and is totally expunged from the list. The sheetrock has not b...

That’s before additional increases are considered for schools, parks and other property tax levies,” he wrote.

They deduct any homestead amounts from the accessed value.

The charge 400 a month for one person and then deductible of 5,000 for example before it starts kicking in.

2) What risk is incurred if I deduct the mortgage interest on my Federal Income taxes even though the 1098 mortgage interest statement will be attributed to the seller?

Say 8GRM has newer roof and updated kitchens deduct $30,000.  

There are plenty of 2-unit and duplexes and multi-family properties in Memphis,TN that he could then use And Lastly, even if he won't/can't use sold properties in another state to run comparables against.... couldn't he just use Three.... 3 bed and 2 bath properties and then deduct / add X amount of dollars to the Property that I'm trying to get ?

Hey guys,I have been reading and we are buying our first house in the next month and want to know exactly what you know is tax deductible.

Insurance $125.00 Interest on loan(s) Land tax $259.00 Legal expenses Pest control Property agent fees/commission $290.00 Repairs and maintenance $145.00 Capital works deductions Stationery, telephone and postage Travel expenses Water charges Vacancy Est $203.00 Total expenses $1,022.00 Net rental income or (loss) $1,878.00