Flooring, countertops, paint, ceiling fans, stole all the mini blinds, ect...They considered that "normal wear and tear" and denied the claim.I then get a letter saying they are dropping coverage for too many claims thus putting me on a wild goose chase for insurance 1 month before my annual renewal. 

But any normal rental does not pay self employment taxes. 

VERY few ever achieve it Then ones who do it in a couple years are few and far between Your comment about paying taxes on flips reminds me of the guys I used to work with who would not take overtime because they said you just pay more taxes so I took all the overtime and everybody else’s overtime I invested the money in the flips and quit the 9 to 5 and retired at 47 30 years later they are still refusing the overtime and still working at the same jobs  I made my choices   You will make yoursI am guessing you are in your 20s   10 years from now you could be semi retired or you could still be here on BP taking about doing something   I hope you choose the later   Of history tells us anything you probably won’tI hope you choose to NOT be normal/average I made my choices You will make yours 

We own a condo apt in PR that my father in law is moving out from normally properties are rented at $900.00 if we refinance our payment will be around $300 to $350. 

Due to COVID madness, all properties are performing well today, but the market will return to "normal" conditions.

@Marian Smith I'm not sure "normal" has a definition. 2008-2010 wasn't normal either.

For context, I normally hold off on bringing new listings to market from November toward end of year…this year has been different for sure.  

To help out Tampa landlords and tenants, here are some examples of normal wear and tear:1.

You are just using bonus deprecation for improvements that would have normally been depreciated over longer periods of times.

That 2021 limit in Oakland and the rest of the Bay Area is $822k, for example ($548k is most of the US, 'normal' cost of living areas), and towards the end of summer and into fall I always do a lot of loans for exactly that number.