Questions:o  Would you go ahead and deduct the mileage and take the "Standard Meals Allowance" for the destination zip code?

In the long run it out benefits flipping.Advantages are depreciating property, property taxes and mortgage interest deductions, tenant pays for your mortgage pay down and appreciation, but don’t count on it.  

You can also increase the limits for deductibles which often lowers the rates.

What kind of coverage and deductibles do you like to have.  

Also, when you are using hard money that doesn't require repayment with the interest until you sell the house, are you calculating only the utility costs for monthly holding costs and then deduct the loan and interest from the profit of the sale?

Deductible can be higher if you're risk tolerant as well

This needs to be corrected also.Education Code section 17620 also provides in relevant part that school districts may levy fees for residential construction, but only as to construction that is either:• “New residential construction;” (Ed.

Initial rehab of the 2nd property is not immediately deductible.

Also, neither of us would be deducting any of the interestQuestions for BP:1.

Maybe even offer to cover the deductable in the purchase price.