I do firmly believe, however, that all things being equal, I think it's a much harder case (from a plaintiff's perspective) to pursue a property owner in a typical negligence case when the property owner has a separate, third party manager operating the property.

BIG MISTAKE....2 months later they were late and late every month until 7 months later when I had to evict which was the middle of January so by the time I washed all the freshly painted walls and cleaned the once spotless house out and got it rented again I had lost over $3k so I don't think the extra little bit you charge for deposit is worth it.

This is your spec build thread and I simply contradicted and argued from a rehabber's perspective to counter your attacks on rehab flippers, nothing more.

Strictly from a fiscal perspective it's not really worth the effort and expense to go this route with multifamily.

That said, from the leasing perspective(as a company that only manages for principals) lease rates appear to have peaked over the edge.

So you may need a fresh air intake from outside.

It simply made sense from an opportunity cost perspective.

If so, from a tax perspective, when is that income realized... when the deposit is made (or transferred) or when the security deposit account is closed out when the lease expires/tenant leaves?

While its difficult to adopt this perspective while making money selling homes and closing mortgages, we're headed down an ill-advised path.Since the government can continue to print money, defer the ever-increasing debt, and add burden to the productive through direct and indirect taxation, it has no true (short term) economic accountability.

Do I benefit from tax perspective on any of these expenses I have to put behind the investment property?