A one-size-fits-all approach to defining the rules is extraordinarily difficult in the same way that writing down all of the laws in Napoleonic fashion is virtually impossible.

I write a renewal notification and ask them to sign, it is multiple choice and says nicely thank you for being good tenants..expenses have gone up. 

I just have a folder for each one and write down the expense on a piece of paper.

In my opinion its a no brainer if the expenses get to be written off like I would just do as a normal rental property, I could do all renos and write them all off!

It is getting more difficult to find cashflow, but I thought I'd share my recent experiences to reduce some of the discouragement that investors are experiencing.If you're using quick math (like the 1% rule) to analyze properties, I suggest doing the long math on a few properties to see if you're writing off properties too quickly.

We will be splitting everything 50/50 but I will be managing the money once the property is purchased.We want to write up some sort of partnership agreement to protect us both.Any recommendations on what to include?

So, I can purchase another home, add sq footage to the existing rental property and use that as a write off/increase rental potential, or not do anything at all.

Eviction courts are processing evictions that are for non payment related issues so if you have solid evidence that there are pets in the home ( photos most likely, or something in writing from the tenant acknowledging the pets ) you may be able to make progress in that way if the lease specifically states that no pets are allowed. 

My girlfriend and I found a mobile for sale, where the owner is willing to sell through owner financing. But the seller isn't familiar with how to do it.Is the anywhere I can find a sales contract to use to buy this m...

I spoke with an accountant and he said I will be taxed on this rental income as ordinary income because i am collecting the money under my name and not a business entity so I cannot make any deductions or write offs.