@Jeremy H. not sure where you are doing your research - there's a lot of misinformation online.Short answer: Yes, the improvements that you make to your backyard do increase your tax basis rental property, but not all of the expenses can be depreciated.

As an accident to start a short-term rental for more than 3 years and wanted to end it. 1) The number from CPA for this short-term is worse than any other long-term rentals. 2) the time spend for this short-term is  >=5  long-term rentals. 3) from Sep-2024, there are 6 books to the end of the year. 4) Insurance of short-term increased 27% and tax will increased without doubt.So tried to cancel all the reservation from AirBNB two month away.

Maximize Tax-Advantaged AccountsBackdoor Roth IRA: Great that you’re planning to max out the Backdoor Roth.

As I go through this journey I have also decided to educate myself in real estate investment so that I can be best prepared for July 2020, this is the point when I will be debt-free and will be shifting all my energy to actively investing in real estate utilizing the BRRR method.To that end, I have made it a goal to analyze 2 properties per day so I can become familiar with my area and become comfortable analyzing properties...and that is where my issue is.

If anyone has any good leads on businesses they recommend for the fence (temp fence with windscreen bc its Chicago, sandbags) and porta-potty, please feel free to share your sources.

Also, after reading this discussion, I'm wondering if we should put the toilet down first and then caulk around the bottom of the toilet in the bathroom, instead of putting the vinyl under the toilet  and not installing under the frig and stove in the kitchen, since it's supposed to be free-floating. 

Now I know with that we got a great interest rate and at first I planned to not pay it off early as our tax break is helpful.

I have been eyeing a property that is listed as a fairly new mobile home sitting on almost a full acre, checked out tax records etc and the land does belong to the seller.

I've seen some beautiful outdoor paths & patios done this way etc, fill in the gaps with sand or concrete.You might also donate it to a habitat for humanity store (call and ask if they'll take it first) where they might get it in front of the right set of eyes. they might give you a tax donation receipt?

Looking at the tax appraisals?