I've been tossing money straight out the proverbial window for the last year and I'd just like to see it start going towards something with a return in value. 

. ;-)Anyway, why don't you take a look at Schedule E (to from 1040) to derive at the answer to your questions: https://www.irs.gov/pub/irs-pdf/f1040se.pdfStarting with line 3 you will see all the relevant parts that are to be considered when figuring out your taxable income (emphasis on "taxable" as this is ultimately what counts with respect to this particular discussion here).The form is fairly straight forward IMO.

I am confused on what i need to do and it's hard to get a straight answer from people since everyone has told me something different.I would greatly appreciate anyones feedback.Thank you

Lei,As far as wall paper bubbling, take a syringe fill it with glue / wall paper adhesive, poke it into the bubble, inject a little glue or adhesive and then take a straight edge ( like a credit card - better us of it then using it spend money) and press out the air that is trapped behind it, and it will spread the adhesive , and your done.

Start here: http://bit.ly/29sFXGj (I've known the author of that site for over 20 years and he's as straight-shooting as they come).

This is the second go at getting some straight subway tile on the walls.  

I use a Straight Talk prepaid phone that is 2 years old and I won't likely replace it for 3 more years.

If you trust in Yahweh with all your heart, and lean not on your understanding, if you know Him in all your ways, He’ll make your paths straight and there is nothing you can’t do.”I’ve done this with both of my children since they were born.It wasn’t until recently that I knew these words had taken root deep within their souls.

One of the main things on this site though is the subliminal marketing as in not being straight forward that they are marketing companies there are a few on this site that just make post to get you to respond then tell you they are marketing agents..

Or just trying to go straight to private and portfolio lenders?