But this really deserves its own separate discussion, mostly because I'm about to lay out some pretty controversial realities as I see them.I think what should be stated first out is that the normal flipper quick-fix solution would be to B-I-N prime that ceiling up, paint it reel gud, and sell the joint.

I'm in Canada and find it faster and cheaper to fly, so I put the plane ticket on my taxes (normal economy ticket).  

Not to mention the normal repairs of owning a house, the furniture to go with it etc. 

Detached Structures: for other buildings on the property (ie. sheds & detached garages)Again, there is normally an included limit of 10% of the building limit.

That has made me able to read a lot, listen, and watch a lot.Making mistakes is normal but learn from them. 

Normally I wouldn't be too concerned, but there will be 31 similar units, so the effect of the decision is multiplied.  

If that were the case then nobody would use leverage.When an IRA engages in a debt-financed investment the portion of income that is derived from the borrowed funds is considered taxable - so 65% of gross rental income in my example.However, you have a $1,000 exemption off the top, and then get to apply the same ratio - in this case 65% - of all the normal deductions like interest on the note, depreciation, property taxes, etc. to reduce the amount of income that is taxable.The net taxable income will then generally be a pretty low number. 

If it is like normal income taxes then you pay for the transaction in the state the business was done, but if the tax would have been higher in MA then you need to pay them the difference.

We'd prefer if these things NOT jump around on us, since the normal thing to do when they go up is jump right to a conspiracy theory (but no one complains when they go down, of course :P ).

I will say I've learned a LOT about the industry that I didn't expect having already been an investor and purchased a couple houses personally.You can do it part time (make no mistake, it is WORK), that's exactly the reason I joined the brokerage that I did - allows me to train, get support, and work outside of normal work hours.