Welcome to the forum Mike!

The tenants for the most part are fine. 

Even if that is not your intention, the IRS could decide that is what it was which would mean that the seller would have lost his 1031 ability since he "sold" you the house when he accepted the first payment.

You are required to file a complete and accurate return, which means reporting the income that you earned along with atleast the direct expenses that you incurred on your rental.There are two comflicting forces - Your tax accountant wants to be aggressive with deductions because it will entitle you to paying less taxes(now or in the future).Your lender wants to see as much income as that will increase your Debt to Income Ratio(DTI).The good thing is that you can speak with your lender about 'one time expenses', that were only incurred in that year and are not reoccuring. 

@Shivani Brijmohan, while I cannot speak to NY, I will say in general:You should know how the property will be reassessed when you buy the property.  

Investigating further, we opened the septic tank and discovered it was jam packed with tush wipes, backing up the line into the basement.

This is a great place to learn and to connect with people so take advantage of all the great resources.

The Airbnb paid for almost all the expenses of owning the home and my "rent" was just putting $200-300 away each month in savings for maintenance and capex.

The text/chatbot can also do the same.We looked into this because our best appointment setter left for a more stable corporate job, and the other one got promoted within the company.

Key takeaways from the Southeast Build-To-Rent Summit today held by Bisnow1) Peter Michaels - BTR Rental Premiums Compared to Garden-Style Multifamily:- Townhome BTR: 10% rental premium- Single-Family Attached: 15% rental premium- Single-Family Detached: 30% rental premium 2) Kimberly Byrum - Average age for first time homebuyers today is 35.