This is for my 2023 tax return, and I have filed an extension. 

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

I have a good roommate that pays on time and just does his own thing.. however a few weeks after he moved in (mid-Feb) I heard his toilet (main toilet) running and found he had hooked it a few links higher so the flap wouldn't seal.

The money you save in rent is post tax income for you.

@Jeremy H. not sure where you are doing your research - there's a lot of misinformation online.Short answer: Yes, the improvements that you make to your backyard do increase your tax basis rental property, but not all of the expenses can be depreciated.

We are from California and looking for investing in STR for tax purposes and good cash flow.

API connected, if you only have Airbnb guests for a month and Airbnb supposedly paying the state taxes, when you submit your monthly State tax form, do you enter ZERO in the transient rental box?

The interest rate that I was utilizing was a little low, from what he told me, in my area I can expect to pay about 10-15% interest based on several factors (How much or little experience I have, credit score, the deal itself, etc.) and I will definitely be paying points, how much will vary by HM lender (usually between 1 to 3 points).

One way to make remodelling works is when you buy home that has a larger lot, then your creativity could kick in to create value.Also if you do rehab in good market, you better rent it out for two years before selling so you can catch rent, reduce tax and make more money.

Hi all, I'm looking at some single family properties in the area and there is one for sale that says the current tenants are paying $500 below market value.