Can I claim that $5k first year startup cost deduction if it's for future rentals but is also my primary home?

The Pinto has little to no future collectible value so value and rents are not growing at near the pace of the Porsche.

Best of luck with the build and your future business and thanks for journaling it here for all to see and follow along with.

Your only going to cause more aggravations and issues in the future by installing a product over an existing shower, just think theirs a lot of moisture in a bathroom, wheres all that gonna go, right behind the new shower.

Metro areas can have rent and property value appreciation in the future, but you’re not getting those benefits right away and the cash flow will be negative to start.

Are you projecting you’ll be making much more than 25k a year in the near future?

While you might be able to use future rents as proof of income, that is going to require some extensive documentation from the previous owner.Best of luck to you.

As well as, creating passive income for my future.

This is a much better place to be regarding your credit and you future ability to finance properties.

However, there is talk that this area could re-develop in the near future.