The property was your son's primary residence, not yours. 

From my experience with caring for an investors books in the past who wholesaled approx. 350 houses, remodeled approx. 55 houses per year, and with their books in great order, I would spend approx. 1-2 hours a week which included payroll. 

Hi All,Currently, we reside in a 4-bedroom, 2.5-bath house located in Santa Cruz County, California.

Hey @Brad Birky - your CPA could probably advise you best in this scenario but my understanding is that if it was bought as a primary residence you can get the tax writeoffs from the portion that you weren't occupying.

Investment Info:Single-family residence buy & hold investment in Chicago.

I couldn't care less - we are getting plenty of bookings.

Having "squatter rights" for NY residences is like having "shoplifter rights" in our stores.In the article you referenced, they talk about the squatter showing up to court representing himself.

Most hard money work as follows:•Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Luckily the seller of my first property is understanding and has given me some things to take care of in terms of changing over utilities and such (this is a duplex).

Investment Info:Single-family residence buy & hold investment.