Like I said the property is ready to move into and it just needs sweat equity and some updating.Here's an example.The property I bought for $30,000 needed some updating like new painting on the side of the house, light fixtures, landscaping and a few other minor problems.

I hired several persons/contractors to do the painting, landscaping, cleaning and maintainance, but I don't have their SSN or TIN, so I did not send them form 1099MISC, do I still can deduct all those costs from the rental incomes on my tax return this year?

Has anyone ever had to choose and been in this situation before?

choose the person you want, and they will receive an email notifying them that you @mentioned them.You can also @mention your colleagues even if they are not in this thread.

Its an awesome way to instantly join the conversation on the topics of your choosing.

It has come down to choosing between LU and Jim Ingersoll.Please let me know what you guys think.

I figured 5k a unit for updating to very basic finishes, painting ect.

They'd rather have a hand in choosing the tenant, and my management company doesn't charge the 50% of rent for placement so that's not the reason they want to be involved.

"Anyone may arrange his affairs so that his taxes shall be as low aspossible; he is not bound to choose that pattern which best pays thetreasury.

Maybe if they're just painting.