The same thing you claim on your tax return for your properties.

although we bought about 6 years ago or so for 270 put 100k into it so you can do the math  no debt .. hoa 400  we pay utls. 200 or so.. so 600 a month out of the 3500.. tax's about 1500 a year ( got to love Vegas taxs ) value today right at 600k.. so lets say we net about 33k a year on 370k cash .. so not bad little under 10% COC with an outstanding tenant one of the best I have ever had.PS given tenant quality we manage ourselves.. 

Government actions are unpredictable and scare me the most. 

I do intend to stay close to home - but home provides only annual opportunities and I’m looking for year round possibilities with tax deed properties. 

It is your first year when you get the major tax savings windfall due to cost segregation and bonus depreciation.

I used to live in the city and the taxes and water bills are nightmares.

Quote from @Zara Massoud: Your new PM is correct and the old ones were wrong.The property manager must have your social security or tax ID number on file.

Taxes/Insurance- depends a lot on where you are located.The homes themselves- POH or TOH? 

However, there is no specific holding period contained in the tax code or regulations and there is no "safe harbor." 

They were taxing as a fourplex, but the CO said it was a triplex.I found out when I went to try to refi with the bank.