I want to make some improvements prior to renting in order to make it more desirable, but am wondering how this impacts tax deductions for the improvements: do you have to wait until you have a tenant (so that it's officially a rental) in order to claim the improvements, or can you improve first (while it's still your primary), then find renter?

Well we (NAR) just got you the 20% pass through deduction up to $315k for married people, so I think that is pretty good bang for your buck, getting an extra $15k a year into your pocket...though you get it even not being a member even though it was our pooling of funds and our lobbying efforts that got that for our industry.

Long Term: Lobby your state legislator for a change in the Law.Short Term: Cash Out Refi! 

I was told also to wait until the LLC is officially formed before acquiring my EIN, just in case it does not go through for whatever reason.

These organizations often have a deep understanding of workforce housing needs and may be able to offer guidance or even partnership opportunities.Local Government Officials: Reach out to city planners, housing departments, or economic development agencies at the local government level.

I have not even been with their program (officially – post homework) for a full month yet, so I am really eager to see what she can do in round 2!!

It will be slightly behind the official records at the county but they can supply it as an excel file or just simple text in an email.They expect a little loyalty.

Also bear in mind you don't have to become an official RV/Boat storage/storage unit business...

Investment Info:

Single-family residence buy & hold investment.

We picked up a 2/1 SFH as a buy and hold investment in Huntsville, Alabama.

How did you find this deal and how did you negotiate ...

She bought a single-family home with an additional unit in the basement that is not an official/permitted unit.The house was already rented to Section 8 tenants (both units) when she bought the property, and it went through yearly city CHA inspections.