Generally, you can deduct interest on the cash-out you used to fund the LLC as business interest deduction. 3) Yes you can withdraw the capital contribution as distribution and re contribute to another entity, but why?

Think mortgage interest, real estate taxes, etc.Items directly towards the personal investment are either non-deductible or potentially an itemized deduction.Items directly towards the investment property are either non-deductible, capitalized or currently expensed.

I can't imagine this lasts long.Provisions of existing lease are as follows -- I created a rules addendum document that says "The following items are not considered wear and tear to the premises, but is considered damage to the premises; subsequently the cost of repair will be deducted from any security deposit." 

Two things:1 You might be able to take a 100% deduction in the first year with Bonus depreciation or sec 179. 

He has agreed that his rent can be deducted from his paycheck on a monthly basis, so collections should be easy.A couple of questions, do I need to have the PM involved if I will take responsibility for this tenant and all maintenance, collection etc for the one apartment he is occupying? 

In addition, my view of purchasing in a Roth is that it only really makes sense  when you are getting tax free cash flow from the property sufficient to offset the loss of a depreciation deduction. 

You can get a 4 pack of flea bomb cans at your local store if you see an issue or hire someone professionally and deduct it from their deposit if there are fleas.  

After all of those are deducted and if you still have a hundred or more dollars remaining, I think it sounds pretty good. 

There is a new 20% pass through deduction you may qualify for that could help you, but not everyone qualifies.

What expenses can I deduct on my Income Taxs?