However, two Appeals Court decisions say you can allocate mortgage interest and property taxes differently, by treating actual rental occupancy days as rental days and all other days — including days of vacancy — as personal days.Before the TCJA, the Appeals Court method was often more beneficial because (1) it allocates more mortgage interest and property taxes to Schedule A (where you could usually fully write off these expenses as allowable itemized deductions under prior law) and (2) it allocates less mortgage interest and property taxes to Schedule E, which usually allowed you to currently deduct more of the other expenses allocable to rental usage (property insurance, utilities, etc.) on Schedule E when applying the rental income limitation.But after the TCJA changes, some vacation-home owners may benefit from using the IRS-approved method instead of the Appeals Court method.

We manage 100+ properties in the Disney/Orlando market, and we are seeing rates climb back to pre-pandemic levels and above, with very high occupancies as well.

The competitions' 40 listings are all at 30-40% occupancy and 4.5 stars.

Hello BP Community,How do you find owner-occupancy data for a particular market?

@Stewart May You don't say so specifically, but I'm assuming since you mention the 1-year owner occupancy that they're doing a FHA loan.

It is not uncommon to have maintenance issues when a unit first leases up and some of this sounds like one time things.If you do want to get out you are at a great price point for seller financing and should be able to sell to an owner occupant for something in the 50k range but would have to pay off or wrap it around your current note.

Also if you are owner occupant they will negotiate a LOT more with you

So I'm in the Canadian Military and awaiting an occupation transfer to a whole new trade and unsure which one, or when, or where I'll be posted.

All tenants pay their own own gas, electric and heat.The property manager mentioned they left the newer one open for owner occupancy which is in pristine condition.

I have told him that all occupants must have a lease agreement to be a resident.