Hi Jesus, welcome to the BiggerPockets community!

Currently appraising for more than double the price I purchased.

(you do not pay the taxes you lose the house, and you do not pay the insurance the lender will put insurance on the property for you)  Assuming the properties are showing up on your tax returns the income/loss will be calculated from the returns using this form:  https://content.enactmi.com/documents/calculators/Form1038.C...The form will allow you to add back your paper loss of deprecation on your returns as well as your property tax, insurance and mortgage interest deduction as those last three are already taking into account into your payment as mentioned in the first paragraph.

I do work remotely from the home and was also wondering if I could write off the portion of where I use the space as a office on the same home as he’s claiming without causing any flags on the property address.

Purchase price: $242,500 Cash invested: $49,000 This is an older house, built well on concrete block, that is next door to multi-million dollar houses on the water.

The Prosper Construction team redeveloped this building back to it's original glory.

@Danny Van Call Marilyn at the City Rental Dept. and she'll send you all the info you need.Be careful though, of leaving the house vacant for more than 6 months.

I just sat through the three day flipping workshop and it was awesome!

Congrats on pulling the trigger on this.

So I just signed up for Buildium and wanted to hear feedback about using their platform for accounting.