Both are completely legitimate strategies, and there is no reason to avoid these strategies out of fear of an audit.

Unit A is about 100 years old and Unit B is almost completely new.Pros:-The duplex is in a very desirable neighborhood with home value appreciation year over year at about 50+%-Rent is also in high demand within this area-Cash flows well even with high interest rates and increasing property taxes-Home is price below average cost per sq ft-The house has been renovated and some parts of it has been remodeledCons:-All issues are with Unit A, the 100 year old unit.

For example, effective drainage is essential to avoiding future problems and maintenance expenses.

Cost segregation has been a very popular tax strategy for real estate owners as it can provide significant tax savings.

Hundreds of websites allow people to create fake paystubs, tax returns, W-2, bank account statements, and more.

This doesn't even touch on sales tax/occupancy tax/tourism tax remittance monthly.

Just has an extra step for the MM fund.If there are Treasuries involved, is the interest exempt from state and federal taxes?

With the 40,000 profit is there anything I can do to defer my tax?

Also don't forget to look into your tax treatment for signage.

I wish I had all my mint data for some end of the year tax reporting, and am not scrambling to find something new.