So if you are in a 30% combined tax bracket you get an additional $3K due to write offs.If it is a rental, you can write off the business expenses and the depreciation on the non land valuation. 

Hey Max my business partner and I are agents and investors here in Phoenix ourselves.

I mean he did sell his Rehab business for $115M so im not sure that's a total lie about being worth that much.

I am actively expanding my STR consulting business!

Regarding finding discounted deals......That is the reason why I started a wholesaling business. 

Hey everyone, Who here is looking to buy or even start their own cleaning service business?

Every day is a school day in this business.

Oh I agree with you if that rent will be a business income to live on vs just an unrealized gain.

I was told by a friend that his dad who runs an appliance business has "keys to every type of washer/dryer coin box".

The IRS doesn't trust you to report accurate information, so the 1099 from the property manager is checked against your filing.Any company that does more than $600 in business with you should issue a 1099.