Roth contributions to an IRA or to a Roth 401k have no effect on your tax return.If you set up your business to match contributions, then the matches that the business makes are deductible.

We agreed to deduct the amount from his commision.

The 15 has a lower rate, but the interest is either deductable for most owners or is expensed for investors and the additional principal paid from the difference between the 30 and 15 will reduce the interest costs at a faster rate than paying the 15 yr, everytime.If you have to look at the property and the cash flow analysis as a deciding factor, the deal is not a deal.

Recently refi'd @ 4.75 30yr fixed for $178k- We've invested about $15k into the house since we bought it- A sale based on comps could net around $150k, so I would need about $25k to sell the property- Estimate that property will need about $5k in work to make it 'rentable' (main bathroom needs an overhaul)- Additionally it will need a new roof in <5 yrs- Recourse state, also I want to buy a property in my new location so walking isn't an optionWe are anticipating moving out of town the problem with renting is that we would likely eat about $100-$150 a month on the mortgage - this takes into account similiar rentals and property mgmt. (10%)Trying to anticipate other maitenance is difficult, I realize I can deduct costs, depreciation, etc.

Landlord is only responsible for landscaping.BTW: I would be living in one of the units myself for the next 6-12 months, so I also would be getting the full interest tax deduction (This will be my first RE purchase)So this seems to fit the 50% rule, but I know there ARE other expenses.. i.e. property management, landscaping, regular maintanence, vacancies, evictions, etc.Do these #s seem to make sense?

The automatic bid-desk deduction will generally take between 20-40% off of about 30% of the items.

Also when I got the policy --they do not cover anything - $10,000 deductible- I am so mad-- and have no options.

Set the rent, utilities split, file a schedule E, take the depreciation deduction, etc.If it doesn't succeed in the "break up with her" part, it should provide the evidence that ownership was not part of the deal.Like I said, not a lawyer, not legal advice, and you need the real thing.

Beware of "reality" advice that you read in forums, especially if that advice runs counter to local laws.In some areas, once you have a judgment, you can levy the personal property to collect on the judgment via sheriff sale of the personal property.In the end, you just might get to keep the stuff, just follow the law so that you aren't setting yourself up for trouble.

I carry earthquake insurance on the houses I do own but unfortunately there is a 20% deductible.