And how much are they costing you to produce?

Its an incredible tool.

The postcards I sent out last week have pulled pretty well and have already produced 12 leads (two since I wrote the post a couple of hours ago).We are also moving.

The safe harbor applies to amounts paid during the tax year to acquire or produce what the regs call a “unit of property” (UOP), you must meet these requirements: (1) at the beginning of the tax year, the taxpayer has written accounting procedures treating as an expense for non-tax purposes amounts paid for property costing less than a specified dollar amount (which will be 2500 for you), or with an economic useful life of 12 months or less;.(2) the taxpayer treats the amount paid for the property as an expense on its books and records in accordance with its accounting procedures. ( do this on your bookkeeping software or whatever you utilize)(3) the amount paid for the UOP doesn't exceed $2,500. as substantiated by the invoiceNote: The cost for the Unit of Property includes l additional costs (for example, delivery fees, installation services, or similar costs) if these additional costs are included on the same invoice with the tangible property.Eg:A purchases 100 printers at $500 each for a total cost of $500,000 as indicated by the invoice.

In your case, judging from the amount looks like you can deduct the cost of the rehab as expenses using de minims safe harbor rather than capitalizing and depreciating it.The safe harbor applies to amounts paid during the tax year to acquire or produce what the Regs call a “unit of property” (UOP), you must meet these requirements: (1) at the beginning of the tax year, the taxpayer has written accounting procedures treating as an expense for non-tax purposes amounts paid for property costing less than a specified dollar amount (which will be 2500 for you), or with an economic useful life of 12 months or less;

You're utilizing the food to showcase your produce you're selling.

As a Realtor in that market, I've witnessed incredible gains by clients & you definitely have some options.

Cash flow is typically not calculated on Owner Occupied housing since part of the property is being used for non-income producing activities (living there).Try to save as much money as possible so you can start working on your 2nd property.Also, you should remove the Zillow link to your property.

The strategy is to buy something that will produce great yield on your investment.

Very nice post @Curtis Rouse - I agree with all of the above, but would add that, assuming you don't have unlimited financing, single family residences (SFR)s will count as a liability for future mortgage qualification purposes because you can't live there yourself while still claiming it as income producing (should you rent out some of the rooms for example).