Most lenders will want two years returns, but if you search around you may find one that's more flexible.I strongly recommend a CPA to help you maximize your deductions and to be sure you're filing correctly with your complex (partial rental/partial residence) situation.

The other big downside to switching is that the deductible onthe new plan is 3k and thats as low as they'll go.

When they call for small things like toilet seats, even window screen repair, I have the option of telling them to send the receipt for the parts if I trust them to handle it and deduct it from the next rent.

It's tax deductible if you set it up right..........There you will learn unprecedented knowledge to do deals for wholesaling as well as learn what did an did not work to close deals.You can meet possible money partners on hot deals you findetc.Say you spend the thousand on mailings and get a bunch of calls- what then??

And your point about the deduction brings it across the line of definitely living for free.

Your home office will be deducted on Form 2106; however, dependent upon how high your expenses are it may not be beneficial to claim the deduction there.

You may deduct your lodging related to the time spend in Denver on real estate business.3.

One thing to note: You cannot put your assessment fee into escrow/deduct from your assessment fee unless there is a specific provision in the association documents or a specific provision under state law.

Why wouldn't you just deduct it as a straight deduction.

The tax law disallows deductions for any fines and penalties, however I was wondering if that applies in this situation because the fines are not directly being assessed to me.