Another property-12 unit apartment bought for cash off the MLS in 2017.

I would be very surprised if this was accurately done.That means you are cash-flow positive after depreciation of $1,666 per monthIf the return was filed, you may want to pay another accountant to look over the return to see that it was done correctly.Yes, buying another property, given today's condition of high prices and high interest rates would likely decrease your rental taxable income.

Hi Morten,I am 3 years late to your post, but would be happy to have a chat if you are still interested :) I live in Copenhagen and currently own two apartments (I live in one, and I'm renting the other)Cheers,Marta

We were okay with paying a bit extra for something we love, but with the added complications of the undisclosed claim and the high insurance premium due to the property being in a high-risk status, it’s become a concerning situation.

Personally I invest in stocks, mutual funds, moneys in high yield savings account, dabbled in digital currency and but primarily real estate.

Also, with conversions, even if the municpality does not require MEP drawings, I highly recomend spending the money to have an engineer prepare them.

I like Northside and Northeast school districts but many of these areas are priced too high to cash flow.

The ironic thing is that in some resort/highly desirable locations where the cost of housing is high, when STRs are banned, the houses in question typically get bought by people as a second/third/fourth vacation home and then let it sit vacant. 

I highly recommend it and their prices for basic accounting ledger is much more reasonable than QB.

Surrounding areas will have more inventory in that price range and may not be as competitive.If your looking for rental properties in Reno, it's good to know that apartment vacancies in Reno are currently between 2% and 3%.