@Valerie HamiltonPublication 463 mentions when meals can be deductible.You can deduct the cost of meals in either of the following situations.It is necessary for you to stop for substantial sleep or rest to properly perform your duties while traveling away from home on business.The meal is business-related entertainment.I would argue that if you traveled out of state, communicated with the tenant, made some repairs etc that it would qualify under the first exception.Many tax practitioners are wary to take deductions because they fear it may raise a red flag and you get audited.

Rest of the gain is taxed at capital gain after paying 25% on the depreciation recapture on the " Unrecaptured section 1250 gain"Hope this makes sense.

, but have this second deal on the table.The seller and I agreed verbally on a $39,500 finance offer...where I put in 50% down of purchase price (so 20K), have the bank back me with the rest + whatever the rehab cost will be.

I am here learning and growing like the rest of you. 

First month rent was paid to the realtor I hired to market the house from which she took her fees and paid the rest to me.

Afaik, Florida hazard insurance and title rates are higher than rest of the country.

What does the rest of your criteria entail?

Howdy BP Community,This question has been circling in my mind, and it's time to get answers.I recently read an article in a professional publication for realtors that indicated that when one sells a secondary home, th...

I ended up funding ~90% and she funded the rest, the only reason being I needed to keep some liquidity for myself. 

You don't need to know everything to get started; you just need a foundation to build on and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.