That said, for most serial investors (those who tend to reinvest their capital ongoing), I agree the distinction isn't very significant.

Tom are you sure that wasn't Harry Reid complimenting Obama on being a light skinned boy instead of a dark skinned boy who didn't have a distinct boy dialect unless he wanted to?

Then you have to decide how soon to achieve that total so that you can divide by some number of months.Some people forego all of that computation and just set aside some percentage for reserves.And I consider rehab distinct from maintenance ...

It certainly depends on the industry we're mailing for, but yes, we see a distinct slowdown in response around the Thanksgiving/Christmas season, another between spring break and end of school (followed by a short burst of OK response in many markets), then a slowdown during the late June - early August vacation season.If I could do all my mailings during early spring, when the good weather lifts people's spirits and makes them more responsive, and again in September/October, I'd be pretty happy. 

But it is certainly starting to have its own unique vibe - distinct and different from Boise.Feel free to reach out if I can help with anything. 

In our state, there is also a distinction between pre-paid rent, such as last month, and rent, which is first month.  

Having said that, as tax pros we usually deduct 100% of all HOA dues unless there is a strong distinction of the funds.Having said that, improvements should not reflect poorly on your cash flow or your ability to have a reasonable expense to income ratios.I would find a new lender.

Material participation plays a role in two distinct aspects of this rule for real estate professionals.

There is a critical point of distinction to be made about investing and personal living -- you want to live where it is best to live and invest where it is best to invest. 

I'm closing on my first rental property this week and will open a new account to keep real estate accounting distinct from my personal accounts.