I do know that rental income can be added to gross income every month, but that takes about 2 years for them to actually count that as income.

I will be added a new bathroom.

Videos coming soon.We are going to be developing and rolling some of these things out progressively throughout this year and will be adding value to so many people! 

Then, it is possible, for your insurance company to go after the Renters insurance policy for the claim amount.Also, in IL, a landlord can be added as Additional Interest on the policy, not Additional Insured.  

But if he's correct that you do have the property in an LLC and you need a lawyer anyway, then the lawyer can handle everything.If your property is not in an LLC and you decide to file for eviction on your own, you can request, in eviction court, the unpaid rent be added to the amount owed you.But you have learned a valuable lesson here. 

If you would like to be added please PM, Call or Email Me.

However painting and property improvements would be added to your cost basis.

PMI can be built into the mortgage, be added as a separate charge outside of the mortgage, or both. 

I will not be adding AC at that cost to the units.

For example, amounts paid for incidental repairs or maintenance that are deductible as business expenses cannot be added to basis.