@Steve WrightIf it is really a rental property, then capital improvements made to it (once it is a rental) are also deductible, but slowly via depreciation and not right away.The more important issue is whether you HAVE converted it to a rental property.

Looking to get my feet wet in real estate investing in Atl and Charleston SC.I have been educating myself for several years on the subject and ready to go....enough theory!

I am thinking to apply for a HELOC ready for next deals.

Lisa  I’ve made this mistake plenty of times it’s pennywise and pound foolish most times unless you already have lots of relationships.  

Alex: you made some good points about "private lending", etc.

Yet here I am with a property I can’t sell and am falling behind on paying the loan off and wasting money and time because a manager made a mistake and I have to pay for it.

I am almost ready to start the 3rd R in the BRRRR strategy.

I am getting ready to purchase my first BRRRR.

$12,000.00 Assignment What made you interested in investing in this type of deal?

Another option write up a lease option, then sell the house to an investor that is willing to rent it until she's either ready to buy or she fails to buy.