If you do decide to let her pay for it, I'd make sure that you get it in writing that you own it and you approve the type, color and installers.

My CPA was looking for more write-offs and suggested a company vehicle, so I splurged on a new truck.

The agreement can be customized as well for example an agent can write in a clause that if you’re unhappy/ want to work with someone else then the agreement can be terminated with something like 72 hours notice (first agent would probably have “procuring cause” on any properties they’ve showed you already), or the client can work with one agent for one type of property/ a specific part of town and a different agent for a different investment goal.

Additionally, I believe you could write it off as a business expense but check with your accountant.

Mom and pop owners often won't disclose either because they never kept records, or also common, they are writing off a lot of items to the property that make the property appear more financially burdened than may be the case (I may or may not have had a few dozen dinners out with my wife that get booked to my rentals).

On your first one don't get to into a fixer upper unless you've got twice the time and twice the money needed and talented free labour.  

Whats going on Noah,In the past I've hired drivers and paid them a dollar per property, with a minimum of 50 properties per day.I was very specific with how the properties had to look since it's very easy for someone to just start writing down any house that needs just a little work (no real distress). 

@Bruce Woodruff  we have a checking account that my partner deposits the money into at the beginning of the rehab and I have a debit card and check book that I write checks out of to pay contractors/subs and use the debit card for materials.

The depreciation could be $500,000 in the first year (or first 5 years), they would receive $25,000 (5% of $500K) of depreciation write off.

More recently I have been trying to think of ways that I can escape the "rat race" that Robert Kiyosaki writes about in Rich Dad Poor Dad.