I wrote the tenants the following the 45th day after their lease ended with deductions and pictures.

Dear all,I have tenants that moved out leaving behind heavily soiled carpet and I have deducted damage from deposit.

I hang my license with a brokerage where I pay $70 a month and no commission split (~$400-$500 for E&O per close), adds up to maybe $1500 a year for everything excluding E&O but that would just be deducted from profits.

Ask them to deduct it from the rent you are charging them tgat they didnt collect from the tenant..Are they tied to a broker of is the broker part of tge company? 

We’d also like to get a CPA to assist us with itemized deductions on the property. 

Had she not, we would have paid and then charged her and/or deducted it from her security deposit. 

If the claim it at or below your deductible I would just pay for and increase rent at avreasonable rate at new lease or renewal.

What state are you in Levi? 

I told him I would fill the vacancy as quickly as I could, but would be deducting the break lease fee out of his security deposit and...if the vacancy continued into July...I'd also subtract whatever pro-rated days of rent I missed out on. 

Investing in a property that you will be living in while splitting ownership will complicate the situation come tax time, and may disallow passive activity losses for your daughter.It is definitely possible to structure this deal to potentially work, but will require a lot of consultation to make sure all your i's are dotted and t's are crossed if you happen to be selected for audit depending on how the invested property is used (rental activity (schedule E) vs itemized deductions(schedule A)).