@Jason BocekIf you plan to file your own return - You should look into reading the following form instructionsSchedule E - supplemental income and lossesForm 4562 - Depreciation & AmortizationForm 8582 - Passive Activity Loss LimitationsHowever, you may be better off find a professional who can prepare your returns correctly and provide you tax advice.Your rehab expenses may need to be capitalized if it was paid before the property was livable.You should be entitled to other expenses outside of interest, taxes, insurance(remember paying down loan balance is not a deduction).You should interview a couple accountants here on BP.

Just want to make sure I am understanding the Texas rules correctly.

This method allows you to reach out to the BP colleague and ask who they interviewed with, who they decided to go with and if they like working with their CPA/Attorney.

Howdy @Paul DeSilvaThat is not correct!  

‘s suggestion of either of the two points is correct.

I have given up with mailings, and I am spending less and less time cold calling because most numbers I find for decision makers are not correct. 

@Tim Bartel any cat or dog over the age of 1 year is considered an adult and at that point several behavioral problems have been corrected and they should largely be up to date with pet vaccinations.

For those reasons and a couple more, two units can be a bear to get to cashflow correctly.

I’ve averaged these ppl ~30% annually on their money, so they’re hesitant to change strategy at all.It’s my job to simplify and explain things correctly.

If the pro-forma spreadsheet is correct the coworker would be nuts to sell it.But, to be blunt, if your uncle owns 40 doors and they are these $25K per door duplexes he’s going to know 100 times more than me.