This also now comes into play with the QBI deduction since there's a limitation related to qualifying assets  well. 

Home possible: http://www.freddiemac.com/homepossible/Home possible map for income limit:https://sf.freddiemac.com/working-with-us/affordable-lending/home-possible-eligibility-map

The final rule requires that: a) only owners of record can sell properties that will be financed using FHA insured mortgages; b) any re-sale of a property may not occur 90 or fewer days from the last sale to be eligible for FHA financing; and c)

In my case the mortgage closed prior to their required date in 2016, and is 4 years old already, so I am not eligible for transfer.So is my only other option here on the mortgage in question (a rental) to either just shoot for the umbrella insurance policy, or to refinance out to either a commercial loan or some other loan option? 

It it were not, then it would be called a fee of some sort.In addition in CA, after a tenant vacates a rental, the landlord is required to send an itemized statement within 21 days detailing what expenses, if any, were deducted from your security deposit as well as the balance of the security deposit.

Did you deduct capitol gains tax from this 'profit'. 

The landlord wrote into the lease that we are responsible for the deductible/service fee ($60 per) for calling the home warranty. 

AND -- before anyone mentions depreciation deductions -- remember, there is no such thing as a non-cash deduction (non-cash credits, sure, but no non-cash deductions) on your income taxes.

If I wait to do repairs until after July 1, can I deduct them?

Would forming an LLC allow us to deduct expenses with the rental?