To make an informed selection, examine your long-term goals, overall expenses, property condition, and market competitiveness, talk with a mortgage expert, and investigate house hacking options.

We got several quotes for cleaning and repairs, which added up to almost $4000 beyond normal wear and tear.

But classifying your depreciation (either the leftover annual depreciation after taking bonus depreciation, or the regular amount of depreciation if you didn't take bonus depreciation) can be taken as an active deduction against your W2 income for as long as you materially participate in the property.Disclaimer: I'm not a tax professional so not financial advice. 

You may want to start working on your credit score to save big long term dollars on better rates in the future.

If you have just one long-term tenant in your house hack duplex, and you're taking a $30,000 guru course on making money from assisted living or storage facilities or on running a syndication - it is probably not deductible under Section 162. 

Any advice from a long-term STR/Rental Arbitrage investor?  

At this moment, we are now invested in 26 apartments across the US, replaced two six-figure incomes, and have retired from corporate America much earlier than we thought we could ever do.Lifestyles Unlimited has been around for 32 years and has over 50K members.

Would you keep for the long term or sell this property?

I will have capital gains at the long-term rate of 15% for my first and second interests acquired, calculated as the present value the condo will sell at, minus the stepped-up value at the time I acquired each interest.B.

I mean, I'm gonna rent em and take full rent's but hey, long as I'm almost paying your rent it's ok, right.