Your best bet is to ask for referrals from professionals in the space: realtors, other investors, this forum, FB groups, etc.

The first is that there's no consensus between tax professionals, and the second is that you will not like my personal interpretation.My interpretation is:Until the property is "placed in service" - everything goes into basis.Illustration.You buy a property July 1st.You finish rehab November 1st and put the property on the market.Your tenant moves in January 15th.The property was placed in service November 1st, and it does not matter that the tenant did not move in until the next year.Everything paid between July 1st and November 1st, including interest and utilities, goes into basis.

My lease requires professional carpet cleaning, which would cost more than $500 for a home of that size.Yes, it's reasonable to reduce the cost because she was such a long-term tenant.

Follow your state regulations on notices but do everything you can to avoid an eviction.

Shout out to permit professionals like Roy Hasson (just a friend in LA specializing in navigating permit process - this is not a business play we do not work together), who are dedicated to helping others and will likely develop similar resources to support their communities through the rebuilding process.If you’re working on rebuilding efforts or have questions, feel free to connect with me—I’d love to collaborate.

@Steven Hamilton II I just want to say how impressed I am with your knowledge and professionalism.

Readers should seek professional advice.

Petersburg area, resulting in highly–profitable investments.If you need professional and courteous property management experts for your multifamily, single family, condominiums or town home, you've found the right company!

It will give you their time as a licensed professional, the education they have completed for the current renewal schedule, and any disciplinary action against them.

@Victor Yang To use the rental losses to offset any active income (W2), you'd have meet Real Estate Professional status (which would be difficult to do with a W2 job because you'd have to work more on real estate than any other job to qualify) OR have an AGI of $150K or less.