Does time taking care of (mowing/landscaping) and managing (keeping records, paying HOA dues, paying taxes) my vacant parcels count towards my 750 hours of being a real estate professional?

I know there are certain liability protections, but I'm more interested in the tax implications.

Better to start on sound legal and tax footing.

You can Sell you Home Tax-free for up to $250,000 if you live in it 2 out of 5 years.

-Julio Hi Julio, Thank you for responding.What is Engineered Tax Service?

Assuming cost segging a rental is the only way:condo or townhome/SFH with NON depreciable landnewer property/fixtures vs older propertyNOT a pro newbie landlord vs REPself manage or prop. mgmt. co.GOAL is biggest tax bene.NOT best cash flowing deal

You did not account for property taxes. 2.

Do I get tax breaks as well getting a cash refinance loan? 

The money you make is tax-free if it's your primary 2 out of the last 5 years (if you rent it for a while, I believe there are some taxes, but it's prorated on time based on what I remember - not tax advice).

I'm a former CA resident and moved to Nevada (Lake Tahoe / Reno) because the housing is less expensive, no income tax, landlord friendly, and one of the lowest property taxes in the country.