If you take a loan out that is specifically used for a business expense, such as paying for a rental property down payment or rental repair, then the interest paid for the loan is generally tax deductible, regardless of the source.  

My first Detroit rental was a S8 occupied home in 2019.

We have great long term residents in our POH rentals and do very well financially with them. 

Also, would you consider doing a furnished rental for one or more of the units?

OR buy the rental from those that provide them, learn as you go, Simple as that.

So the question is, does your rental activity qualify as a trade or business or just a passive investment? 

I’m about 4 years from retirement and regretting not venturing into this world sooner.I’m currently going back and forth on whether to focus on short term rentals in Florida (Destin, PCB) or long-term single family homes in the Birmingham, Al area.

Egg on my face, and I am now happy to admit that I am a (long ago) law school drop-out.I still have not found a more up to date (free) source of the statute than my original source, and can’t tell whether this version of the Bill I just found is the final version signed into law: https://gov.georgia.gov/document/2024-signed-legislation/hb-404/downloadIf it is, then it appears that a 3 business day notice “… shall be posted in sealed envelope conspicuously on the door of the property and delivered via any additional method or methods agreed upon in the rental agreement.”

I am looking for rental properties in Tampa, FL, and I am having trouble estimating expenses when analyzing deals. 

Hello BP community,I am a relatively new landlord, who has a few out of state rentals in South Carolina that were managed by a friend and his property management company.