Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.

Is there somewhere on my federal return where I could find this info? 

In this case I would just wait for her lease to end and then get work done and show the house.

Require Renter’s InsuranceNow, this might seem like overkill for just a room, but renter’s insurance is non-negotiable in my book.

I am newer to this but have done years of research, read books, and read numerous posts on this forum.

With $1,050,000 cash invested and a purchase price of $950,000, you likely have significant improvements made to the property.If you're considering scaling this strategy or need advice on financing future acquisitions, feel free to reach out.

The definition includes, but is not limited to: Negotiating, promoting, or advertising the sale, exchange, purchase, or rental of real property, or the granting or acceptance of an option to sell, exchange, purchase, or rent an interest or estate in real estate or a time share.

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This will clarify and reinforce what you are reading.

Desstani,Having access to $150K is a large chunk of equity and it can be spread over 2-3 properties.