We have been doing STR for approx one year and we were hoping we would be able to be "grandfathered" if laws change but hearing a lot of mixed messages about the case law so far on this. 

In general, expenses related to the purchase or improvement of a rental property can be deductible, but the treatment of these expenses may vary depending on the nature of the expense and applicable tax laws. 

Here's my experience and understanding of the law about security deposits.You cannot hold back money for anything that is normal wear and tear.  

Given this new law it concerns me as a buyer and I want to know if agent fees can be written off whether through a personal deal or through an LLC.

It's crucial, however, to consider managing a long-distance property, especially regarding selecting reliable tenants and handling maintenance issues.

I am a recent BP Promember and I am having a continuous issue logging into the BP bookstore.

Which means, three years after foreclosure, the form 1099C should have been issued at that time.

The language issue is significant, this is why (you'll love this) I engaged a prospective seller to help me with the translation.

I don't agree with all of the local laws and politics in California, but its still a great place to invest.

If no then they need interior access to each other and having a second kitchen may be an issue. 3.