If you flip a house with in a year and incur a tax rate, “ordinary income”then does all of your other income from your rentals “long term income”get taxed at the same rate as ordinary income?

I have 1 rental that I self manage and I have to drive to Home Depot and buy $19 pest control spray.

The earlier you submit your application, the more time the permit office will have to review it before the start of the rental season.Be responsive to any requests for additional information or documentation.

Quote from @Tarcizio Goncalves: Yes, labor costs are generally included as a capital expenditure when renovating a rental property.

Hey Folks,I'm looking for some veteran Detroit Landlords to chime in on this one: Which route is better to take with the Detroit Water Department on a rental: 1) Affidavit of Lessee Responsibility For Water and Sewerage Bills Individual Owner Acknowledgment2) Direct Payment by Tenant Agreement (Tenant (or landlord?)

Im brand new to the world of real estate investing, spending any time i get learning about investing and i am eager to purchase my first rental property and scale up from there.

We have a rental in Alexandria (the Fairfax side), specifically in the Huntington neighborhood that does well as an MTR.

I've been wondering things such as, should this CPA be located in the state where my rentals are or in the state I live in?

I`m looking for a lease agreement for tenants that I`m inhering in my first rental purchase.

I live in the Portland, Maine area and am currently launching my real estate wholesaling business as a short term strategy in order to build knowledge, capital, and a network so that I can eventually start investing in my own projects such as fix and flips, and both short and long term rentals.