Also, I'm assuming I don't get to deduct the $143 principal portion of the payment because that is contributing to my equity.I don't know why this seems confusing to me sometimes, but it does!

The Cons: HOA shut down our AirBnB even though there is no mention of them in the CCR (net avg. income from AirBnB $1200/m. you can be levied with a big payment by HOA's for new roof like they did our whole complex cause they never put enough aside for cap/ex. 4500 for each unit for new roofs. ive heard of this assessment happening for pool replastering, repaving parking lot,  painting buildings. i would ask the hoa of where  you are looking to buy if there any new repairs or maintenance projects coming up that could cost you, and it would be an expence that you dont have budgeted. 

Hi everyone, I understand that in Spain there are significant tax breaks (a deduction of 85%) for companies which rent 8 or more apartments under a special regime.

The vacant property is also sub-standard, which if I read correctly, prohibits the owner from any sort of tax deductions on the property, ie they cant depreciate, cant write off interest from the loanAlso, the home has gone into foreclosure multiple times, but is later rescinded after outstanding payments have been paid.

The vacant property is also sub-standard, which if I read correctly, prohibits the owner from any sort of tax deductions on the property, ie they cant depreciate, cant write off interest from the loanAlso, the home has gone into foreclosure multiple times, but is later rescinded after outstanding payments have been paid.

The vacant property is also sub-standard, which if I read correctly, prohibits the owner from any sort of tax deductions on the property, ie they cant depreciate, cant write off interest from the loanAlso, the home has gone into foreclosure multiple times, but is later rescinded after outstanding payments have been paid.

Code Enforcement will make it all go away...and because the have the power to levy fines and lien properties, they get action. 

I did state all of the deductions I could have taken in my first email and told him I could have deducted a lot more.

Those mileage deductions can add up quick if you track them! 

You'd need to consult with your CPA, but many people no longer itemize deductions due to the increased standard deduction, so the mortgage interest on your primary may not be helping you from a tax standpoint.