@Kenedy A Foryoung If you make less than $100k, you can write off up to $25k of net rental losses (rental expenses in excess of rental income) per year.If your income falls between $100k-150k, your allowable rental loss phases out.If you make over $150k, you cannot deduct any net rental losses against your W-2 income unless you're a real estate professional (which you likely won't qualify for with a full-time job).

It is best to limit personal use to the Spring and Fall and any last minute gaps.

Particularly in a state like New York where victims are treated like criminals.You have to start the eviction.

We've had a few tenants fall behind, but through some respectful guidance and consistent communication, every single tenant I have is paid up. 

Hi All,I recently bought a condo in the Salem Neck/Collin's Cove area of Salem after falling head over heels in love with the city 3 years ago. 

They are correct that the burden of proof falls on you.

takes two to tango & sounds like you guys were doing your part.Move on to next landlord that will "victimize" (sarcasm) you guys. 

Economics depends on studies of past human actions/reactions to formulate models of action to predict future events, which then largely fall on their face as humans screw up the model by doing what they do best - act irrationally.

I just want to know how to analyze like how to find out if the demand is high, how do you know if homes are selling fast, how to find out if demand for property in any area rising or falling or how to find out if a neighbourhood is hot or not, I've discussed with a lot of people and they recommend me to use city-data.com which is an excellent website to know about the market but even in that website I don't know what to look for like if the population is 20000 in a city is it good or not or what it should be or what should I type in google to know about a specific market or place?

Right now, things are being artificially held in check with the stop gaps the government is putting in place to keep the bottom from falling out.