I have multiple STRs so I have a lot of deductions (Insurance, utilities, repair, rent for arbitrage...) 

Sell one side keep one side rent it out 3.)

This was many years ago, but I was pulling in $3900 tax free for Berkeley BAH, and paying $1100/mo in rent, oh and unlike all of my classmates I wasn't going into student loan debt. 

I said yes, and he mentioned that he would deduct the cost from the rent.

Because we sell services ( chef, drivers, etc) and tours (ate, zip, yachts) when our house rents, we offset our cost to keep the net much higher than a 7% ROI.  

Make sure the renovation significantly increases value in order to support a higher rent.

This house is in a great rental area right across the street from a major med school, he’s had no problems renting it out in the past.

Average rent in my area is around $1100-$1300.

Hi all,I have an ex-tenant that owes back rent and damages after they left that the security deposit doesn't cover.I read some forums here and am getting some mixed signals on the process of collecting debt.The way I read it is you can just go to a debt agency with in my case the signed lease and also the security deposit transmittal showing what's owed and the collections agency can legally take it from there.

After closing cost  I’ll be at 250k. built in 2017. 2600.00 MO income. rents can be raised some not much right now. 80% LTV I’ll be out of pocket 54,000.