To precisely compute deductions and guarantee conformity with IRS regulations, it is essential to maintain thorough records of rental income and expenditures.

Not to mention, the boyfriend will not qualify as a tenant due to criminal record, insufficient proof income and several other requirements.

They take into account the tenant's income, other housing costs like utility bills and market rent for the area. 

* a high cash-flowing opportunity and we're early on in our careers.I'd love to partner with someone who has experience with one of the better methods of buying and holding real estate for passive income/investment opportunities. 

So many are misinformed on what S8 does and how it does it.It's our tax dollars, so S8 is NOT looking to place low-income tenants (S8) in Class A properties.

I plan to keep this property as the rental income is already excellent.I too experienced the same challenges of balancing responsibilities as a father, husband, realtor, investor, coach, Airbnb host, etc.....Let me tell you, this past year wasn't easy!

Your receiving income, but I'm not sure how much you can write off or if you can.

So, you'd start by estimating the net operating income (do your own calculations and don't use the figures from the developers on this).

Fix-and-flips are active income.

cover expenses with other income' - well, that's the issue.