If you already have a structured business why start from scratch again?

This is my second duplex and I do not have experience renting to someone in this situation.

Our liquid net worth is around $1.1mm; we have an additional $480k in equity in our home and a piece of land we own.

You may have a unique property.Many DSCR lenders use idcide.com for their rural designations. 

That would be a good place to start if you don't have the capital to do the rehab.

I have no idea why (never had a single fraud issue), but after spending several hours going down the rabbithole of figuring why this happened, we just want a solution.Some of the other banks we are with seem to make it overly complicated to have more than a single account.Any recos?

I live in SD but also have a property in NY and am think g of selling it and doing a 1031 exchange myself.

Purchase price: $220,000 Cash invested: $5,000 Purchased a mostly turn-key property with a main house and an In-Law detached suite.

I know he's considered the guru around these parts and has educated many a folk.

I know certain things like insurance, etc. can't be deducted.Are there are big missteps I should make sure I'm not making in my assumptions/landmines I shouldn't step on to make sure I can deduct these expenses and receive the right rebates in my tax returns at the end of the year?