Here's a blog post about that: https://www.biggerpockets.com/member-blogs/12821/89744-why-today-is-the-best-time-in-12-years-to-make-offers

I started house hacking without knowing it had a name or discovering BP.

This program was also recommended to me from articles and blog posts about grant money for real estate.

I once looked into a similar kind of project in NorCal and discovered that the city fees to get utilities on site (water meters at street, electrical transformers, ect) were in a certain range depending on the unit mix.

I still have some work work to do before I can get it in good enough condition for it to cash flow, right now if I were to rent it I would most likely break even (I bought this place before doing the calculations, and discovering BP)My question is this:Am I able to tax deduct expenses I use to get this place upgrade, since I PLAN on making it a rental property?

But to be honest with you, If you do not learn some construction skills, your progress will be a lot slower as contractors will be raking in the majority of your profits.Get a pro account on this site so you can access the PRO only blogs and avoid all the goofy stuff that can confuse you sometimes.Take NO advice from salesmen such as realtors/brokers.

Discovered the BP podcast about 2 months ago which led me to this forum.

I still have some work work to do before I can get it in good enough condition for it to cash flow, right now if I were to rent it I would most likely break even (I bought this place before doing the calculations, and discovering BP)My question is this:Am I able to tax deduct expenses I use to get this place upgrade, since I PLAN on making it a rental property?

I still have some work work to do before I can get it in good enough condition for it to cash flow, right now if I were to rent it I would most likely break even (I bought this place before doing the calculations, and discovering BP)My question is this:Am I able to tax deduct expenses I use to get this place upgrade, since I PLAN on making it a rental property?

A quick internet search yielded an article by mashvisors https://www.google.com/amp/s/www.mashvisor.com/blog/fha-203k-loans-basic-guide/amp/A big thing to think about is that you could get a 3.5% down payment and benefit additionally by getting a relatively straightforward "reno project" rolled into the loan like a new HVAC system or new roof.