We haven't had much experience with the taxes involved with rental properties, but are trying to optimize our potential deductions.

Forgot to mention, this involves property in nj.

Your locality will state which rules specifically you have to follow, but if someone applies but does not fit your criteria (So long as your criteria doesn't discriminate against protected groups), then you do not have to rent to them.

I have no involvement in the deal at all, or transaction, contract, not a consultant.I set-up a quick LLC for them to pay me under, and opened a bank account for it.

I started out with sweat equity, moved to the point where it was a contingency plan if something went wrong, and now I am rarely involved the physical side of remodel projects.

Each property after that I want to be less involved with the dirty work and more and more on the management side expanding my business. 

Thus, it is important to look at such factors as the number of trades, the average holding period, the sources of income, the taxpayer's ongoing involvement in the activity, and the percentage of available trading days on which trading activity occurred (Holsinger).If you are a trader, you have the option to take home office deduction as an ordinary business expense.

They will count retirement accounts for that requirement.The loan discussion involves...A) Almost anyone will give you 4 loansB) Almost any mortgage broker can get you loans 5-10 (They will probably cost you an extra 0.25-0.5% interest rate.) 

Please let me know if you fit the bill or know someone who does. 

The first new build I have been involved with.