Purchasing an investment property increases the level of difficulty of your tax return.Purchasing a house-hack is even more difficult.To make it even more difficult - you plan to make improvements so you have to determine which costs are currently expensed and which are capitalized.Not only have you acquired an investment property but you also acquired a personal residence.As a result, direct expenses towards your investment property and indirect expenses are deductible business expenses that can be used to decrease your net income from rental activities.With all that is said - you are trying to operate a business so I would hire professionals to help you with your tasks.

From an article on LinkedIn, I notice that there are more pan handlers as well in and around Jacksonville:Even with unemployment at a 50-year low, homelessness is on the rise in American cities as the cost of housing ramps higher.

You will notice that the numbered paragraphs show a specific step we were in as a couple, and what our progression was.  

I just received a labor law compliance notice that states that I need to post a poster up for employees. 

Appreciation is an extremely important factor to consider for larger investments because it has a noticeable impact on your bottom line upon sale... but that's the key thing to remember. 

I have only been in my current situation for about 2 months but I have noticed pros and cons. 

Below are cliff notes that provide a timeline of the issue. 10/2018- I buy and close on the unit after it passes inspection. 11/26/2018- After a rainy week in Washington state, I notice some dampness in one of the rooms that shares a wall with the outer structure.

Texas is non-disclosure and the notice is voluntary.

The liens are easy to file, but tricky to perfect.SoL is short to send notices and liens, so see an attorney ASAP.

@Jung Won Kim the IRS' meaning of depreciation is based on the purchase price, and date of purchase (placed in service date).Even though it is based on the concept that the value of something decreases with time, the tax definition of depreciation is very different than the bank's definition of depreciation of appraised value.