If you are passive in those rentals (not real estate professional for tax purposes which requires 750 hours of real estate), and your Modified Adjusted gross income is over $150,000, then the cost seg is not actually going to save you any taxes. 

It applies to STR in the same way.Is anyone here adjusting their investment strategy because of this?

Your net gain is your net sale, minus your adjust cost basis.

Its great for me where I need to adjust to paying a mortgage and was worried about my monthly payment a little bit! 

., electrical, plumbing).Project Timeline:Start Date: For the portion of work they are completing.Completion Date: Set realistic deadlines for their tasks, adjusted to your overall project schedule.Liquidated Damages:Specify a daily amount to be deducted from their final payment if they fail to meet deadlines (with exceptions for factors beyond their control, like severe weather).

Obviously, the at least 42 input variables can be adjusted to your own risk tolerance, but this is far easier/quicker than to re-create the entire input.You can find the link on my profile page.

When that happens, you can adjust the rent to match current market rates.

Have an Insurance adjuster rep work for you in settling the claim with the insurer.E. 

I recommend you do this annually to adjust for utility increases and other variables.

The $80K from the HELOC used for personal debt won’t affect taxes but must be repaid upon sale if tied to the property.To minimize taxes, keep detailed records of your remodel expenses and selling costs to adjust your taxable gain.