The way to handle it is to allocate expenses based on the percentage of the home’s square footage used for rental purposes.Here’s how it works:Calculate Rental Percentage: Add up the square footage of both the in-law suite and the rented room, then divide by the total square footage of the house.Apply This Percentage: Use this rental percentage to deduct a proportionate share of expenses like repairs, utilities, and mortgage interest.This post does not create a CPA-Client relationship.

Hello BiggerPockets community,I was referred to this community by a local real estate investor in Colorado.

Find markets where if you're all in at 75% or better, you'll cash flow and then go find deals to where you can be all in at that LTV (i.e. purchase plus rehab)  Direct mail works. 

Just wanted thoughts and opinions on this property & deal.

The registration site still isn't working properly.

We have it rented currently and things seem to be going well.

It was an older home from the 1950s we had to replace elctric plumbing and all dry wall etc. this house was a complete gut but we didnt buy it knowing that.

For years i have had a portfolio policy with Nationwide for my commercial plazas but they are not renewing me this year as they now require all buildings with a food use to be fully sprinklered (which i do not have).

Reality - guests don't care - They are going to come in from hiking all day, all sweaty and dirty and jump in the hot tub.

I'm looking to expand into RE and couldn't be more excited.