While I have kept good records and receipts, I am having a difficult time figuring out what items I'm able to immediately write off as "supplies" and which need to be depreciated.Where I'm running into difficulty is things like second-hand furniture...

While I have kept good records and receipts, I am having a difficult time figuring out what items I'm able to immediately write off as "supplies" and which need to be depreciated.Where I'm running into difficulty is things like second-hand furniture...

Jeff if you have the money it would be best to pull the band aid off and reno everything at once and then get market rents.If you don't have the cash in hand I would raise rents a little and build up cash reserves.

Phone conversation lead to showings roughly 50% of the time.I'd like to find a cost-effective way to hand this process over to someone else.

Hey community ,I have a deal in the works and I'm new but with all the reading i've done in this site i wanted to try my hand and apply the knowledge with no coaching, and as little money into the deal.

You will get hands on experience with management and also live practically for free while the other units you rented will pay for the mortgage and maybe put some in your pocket after all expenses are paid.

There is always plenty of it, most without any first hand evidence to support it.

I am at a bit of a crossroads and want to play this hand correctly, and I'm not sure what my restrictions are.

Yeah it amazes me how someone can live in their home scot-free for 6-10+ years without a single payment and then have a new lender have to hand it over to them for sending one letter, for merely pointing out they actually owe money.   

We are purchasing a home for STR purposes and have someone who wants to invest but wants to be 100% hands off.