It is one of those exceptions to the general rule in Tax Law, and can be easily missed.

We don't have that many units, but thus far have intentionally bought rentals in areas that are desirable and have fixed up all of our units so they themselves are desirable; therefore they rent easily.

So if the client gives me a set of books for the LLC and I can quickly and easily tie out the rental income, mortgage interest and property tax against the third party documentation for such and the asset basis (for first year client), then it's super quick and won't add much to the cost of the return.It's sorta like charging hourly (although I do have a minimum, even for a 20 minute tax return) - hand me something clean, and it's super cheap for you.  

I get a few walk aways but but still a high rate of applications for screening.btw: rents at FMR or 5% below fill my units easily in one month(including all screening, BG and CR reports).

Yes, installing new A/C heating unit to a duplex can easily cost you $15000-30000.When I needed to ad Central A/C to my 1963 duplex, it costed me just $15000, roof installation and permits.

Where: Ingersoll Tap2837 Ingersoll AveDes Moines, IA 50312When:Thursday, March 16th, 2016Round about 6:00I will work on getting this reoccurring meeting added to the forums in a more convenient location so everyone can easily locate the meet up time and place.

@Bill GulleyI wasn't anticipating, nor even expecting, you to advise on how this might play in Canada (that's why I tapped @Claude Boiron), but was hoping you might add some depth an clarity to Frank Chin's initial reply above (as typically practiced in the U.S.A.).It's intriguing, but the more I have dug into the idea, I'm still not convinced it's something I could pitch to a property owner easily.  

this is a leader to get you to repond then its the old credit card scam.. they help you apply for a bunch of credit cards you could get on your own and they charge you 3,500 for the privilege .What they try to get you into is credit cards that have the teaser first year rate then it goes to normal rates. this for someone who can stroke a check can easily be gotten with out these folks. and if you don't have 50k in  your bank account your taking a huge risk of piling up CC debt and then be totally fubared if your deal does not work or does not work on time..

I would think the IRS might say if you haven't even bothered to set up a business entity for your "business" then it probably is not ordinary or necessary to be travelling to out of town seminars.Claiming to be travelling for the purposes of checking out business opportunities is a common claim and I think they spot the fakes easily.

Unpaid labor can get you into problems during any possible eviction as well as you've lost quality control of the repair and easily become in violation of building codes.I vote NO also.