Your participation in the activity for the tax year constitutes substantially all of the participation in such activity of all individuals (including individuals who are not owners of interests in the activity) for such year.2.

Outdoor space, including parking, living areas, and potential expansion, can enhance the property's appeal.Location should be considered, as properties closer to tourist attractions may command higher rental rates but may also come with higher purchase prices.

I have a tax question regarding how to report my rental income when my tenant made and paid for improvements and I am reimbursing them by lowering their monthly rent. 

It may also include submitting the requisite permits to support your plan.  

Good luck finding your first commercial loan that does not report on your social security number (ie: your name). 

How much are the average closing costs (including agent service fee, closing fee, premium etc.)?

That doesn't include land cost which could be anywhere from 60K to 120K.

They can leverage their network and expertise to find potential deals, including off-market properties.It's crucial to think about the downsides of gap funding and explore other ways to build savings.

I haven't done a down payment since 2015 and have 9 doors including my personal residence. 

The bookkeeping is good for some things like doing taxes or looking at reports of how things are performing, but it doesn't help much with budgeting and making day to day decisions for how to manage money.