Furthermore, the deduction is phased out for adjusted gross incomes between $100,000 and $200,000.And while we are on the subject of taxes, it is worth noting that some of the deferred income taxes will come out in the wash in the form of higher capital gains taxes, if and when the property is sold.

Charging below market rent can allow the IRS to disallow deductions related to the rental portion.2) You should be able to expense/capitalize costs associated to indirect items to the whole house.

Also, which is best to build capital to later get into rentals?

Pick their brains, their successes and their failures3) Take Action: Save capital, evaluate deals.

I have no clue as to how good it is or is not or how much it may cost.although I have been around a lot of different HOW TO guys over the years.. and like anything.. if he sells 100 people on the big dog program 10 or so will take it and run.. 10 or so will muddle the rest will just kind of fade away.you have to look within and see if you are in a position to succeed in real estate... its not as easy as just taking a course and your now going to succeed... real estate generally speaking takes time,, money and some how gain experience. so for sure those that have limited investing capital limited experience.. no real contacts in the industry.. will find it pretty tough to almost no way anything will happen other than get jacked up at the event.Assess were your at personally.. 

If your capital cost is 6% and you return 10%, than your net revenue will be 4%.  

Here’s my unique position: Pros:- I’m employed- working in tech affords me a high salary- great credit- young (for now haha)Cons:- less than 5k in working capital for deals- young and inexperienced- in NYCThe easiest solution to get started would be to house hack but I don’t have enough money for the down payment on a high priced home.

That being said, anything you do to the house that has a useful life, ie; either adds value to the property or will be used for several years, is a capital expense.

What I am wanting to do is build some capital through some flipping and work toward buy and hold strategy at some point early on.So, what do I need?

What I am wanting to do is build some capital through some flipping and work toward buy and hold strategy at some point early on.So, what do I need?