“Provide real estate brokerage services means to engage in any of the following activities: (1) for consideration, providing any of the following services for another person: (i) selling, buying, exchanging, or leasing any real estate; or (ii) collecting rent for the use of any real estate; (2) for consideration, assisting another person to locate or obtain for purchase or lease any residential real estate; (3) engaging regularly in a business of dealing in real estate or leases or options on real estate; (4) engaging in a business the primary purpose of which is promoting the sale of real estate through a listing in a publication issued primarily for the promotion of real estate sales; (5) engaging in a business that subdivides land that is located in any state and sells the divided lots; or (6) for consideration, serving as a consultant regarding any activity set forth in items (1) through (5) of this subsection."  

If I start living off my rental income, can I still take off itemized deductions such as my personal mortgage, property taxes, etc against rental income or do I have to become a professional?

Important Items to know about FHA Renovation LoansA FHA option to roll renovation/repair work into the loan.

@Jay Hinrichs  as usual you ARE correct :)   YES, we then put there items in a dumpster,and or have moving co take them.  

Just wondering how these items have been resolved within the AirBnB world.I'll do some searching, as well. 

For reference, I'm using a cash basis, not accrual.When making loan payments, I break up the line items as shown below.

If improvements or repairs are part of the deal we want an itemized list of repairs.

I usually say it needs to be left clean, no trash/items left behind, and keys left on the counter.

Originally posted by @Bala Murali Krishna Ummaneni:I am wondering if the depreciation tax deduction can be uses on top of the standardized deductions (vs itemized deductions). 

I suggest looking for items second hand online (CL / FB Marketplace / OfferUp / etc.); with a little time patience and persistence, you pick up really nice appliances for good prices.