All other expenses that were before you had the property ready for rent would be considered start-up costs and would have to be amortized over 15 years, but there is an exception that would allow you to deduct up to $5,000 in the first year under IRC 195(b).

Cause I just thought that it would work by me buying 2.5 acres of land in Arizona and finding a solar farming company or someone to rent my land for Solar Farming... how does it work I’m so confused LOL ... and can you really make up to $50,000 a month by solar farming ?

Before you buy, make sure to get the latest rent roll (a breakdown of what tenants are actually paying in rent), the tenant ledger (which shows their payment history—whether they’re paying on time or carrying a balance), and of course, a copy of each lease agreement.Too many investors rely on what the seller says, which often doesn’t match up with what the tenants are doing.

I've watched so many BP videos and not once has filing quarterly come up as opposed to annually..   

I’ve saved up a bit of capital during high school and my plan is to keep building it while I’m in college and start investing quickly.

@Amby BhagtaniIf you are starting out in multifamily, one key is to be somewhat close to the market.

I only have 5 more months to put up with them, but I am so very tempted to issue a fix or quit and get them out sooner. 

Most all do a Cost Seg report as soon as they close.  

I had my realtor set up a search for assumable loans, and found a property in Aubrey TX with an assumable VA loan.

It is currently an abandoned cafe about 25 min from greenville, and I would love to fix it up and get it back in business.