Moreover, I know a contractor is a vital player on my team and can make or break your investing business.

I used my contractor contacts to renovate a portion of my parents home and tackle some bigger projects at my own home, with great success.Let me know if you'd like to connect and explore options.

This bill moves that provision to a new section of 116 and describes how a declaration may require compliance with NRS 116 or portions thereof.NRS 116.2117 describes how to amend a declaration.

@Jeff MaysIt sounds like you are on the right avenue with flipping and then putting a portion of that profit into long term passive income.

It’s more than just something your accountant reconciles on your tax returnYou would only qualify for the primary residence portion if you have lived in it for 2 out the 5 years prior to sale.

If this property is historical in the sense that it is on or may be placed on a historical register, the renovation project will also have to conform to a set of conditions that will generally have to do with maintaining all or significant portions of existing architectural elements such as facades, building materials and colors.Historical or not, any planned project will have to be heavily vetted in terms of existing conditions and projected uses for all major building elements such as structural, electrical, plumbing, mechanical and ADA and ANSI provisions.

Also make sure they are good at communication as that is important and vital!!

I'm surprised though, that the holding costs during the rehab portion are not included in that TCI number. 

"From what I've been able to find, I understand that if I make a portion of the mortgage payment, I am entitled to a proportional portion of any personal deductions (e.g. the mortgage interest deduction)."

Deductible: This is not a coverage but rather your portion of a claim.