A bonus in Ohio is that you will currently get a Small Business Tax Deduction on your state taxes, for up to 75% of the first $250,000 in business income you report on your Ohio personal income tax.

Especially if you have savings as insurance.The bonus of heloc, is that you can write it off.Go for it

The Airbnb is treated like a business and allows you bonus depreciation if you spend more time than anyone else "materially participating" in the property.

My thought was that I've had other properties that had one meter so the rent was a little more, but all utilities included and it appeared to be a nice signing bonus for tenants.

Most of this was possible because I made a career change that was bonus oriented and really focused on how to master sales.1) We balance transferred 80% of it to interest free cards for the next 12 months with a very low fee2) We created a budget that was realistic and allowed us to still have fun as we are very social people 3) I worked every hour possible without sacrificing our time together 4) No money was to go into savings until everything was paid.With our plan we were able to pay off all of our debt in about 10 months while still maintaining a life style that we enjoyed.

Think of it as covering an extra heavy cleaning at move out and a little extra bonus for spending the time doing the calculations and a little something for your trouble.Pet rent - do you have hardwood floors?

To fight this from a tax perspective, you want to see if bonus depreciation/immediate write off is available for the items that you furnish the house with.Also, doing a cost segregation on a future house may potentially be worth-while to guarantee no passive income for a number of years.of course, it all depends on the numbers and your tax situation.

Remember when someone has low credit they don’t have a tremendous amount to lose if you evict them.Whereas I have 800+ credit and banks send me $200+ cash bonus and 0% for 18 months offers to sign up with them all the time.

An outdoor area is also a big bonus. 

If you end up not having the expense then that's a bonus for you.