However, the tax basis will be a low $770,000.

Short term capital gains is your ordinary income tax rate and long-term capital gains where you hold the property a year or longer is considered long-term capital gains is in as taxed a lower rate.  

Do I owe them a refund for portion of August they can't stay?

Those tax savings could out way the benefits of renting.

Can I deduct the closing cost in my rental property taxes for 2023.

At least I will build equity and have some tax advantages, or even pay a lower price as a result of the high interest rates.

Just trying to see best way to play the tax game.

Anybody have some sample wording for a seller carry back mortgage note that is held inside of a tax deferred exchange? 

When I do the math on renting out a property, like in Texas, for a 1 bed and bath and compare it to the median rent for the area, the rental income doesn't cover the entire mortgage, property tax, fees, etc., of the property itself.

In California more then 5 fruit trees is considered a Orchard for tax purposes, I can get the Orchard Tax exemption for first 4 years after planting. has any one tried this with multifamily properties?