On a related subject : (A little bit of good news in a crap world) :  I have a giant, a truly huge, thank you to you guys :  Thank you so much to the many people who took the time to give good free advice to a : A Veteran, a stay at home mom (who had not worked or had income in 27 yrs)   I really do thank any of you who gave me advice 4 yrs ago.

Can a qualified real estate professional with a W-2 income above $150,000 be allowed to write off rental losses on my tax returns?

There just isnt enough traffic or incomes in some small towns to support flips of justify the risk. 

One of them sent theirs with the following info:Under Description of Operations/Locations/Vehicles:Blanket Additional Insured/Blanket Waiver of Subrogation/Blanket Primary and Noncontributory/Blanket Per Project Aggregate.What does the above mean?

However, you can’t deduct any loss of rental income for the period the property is vacant.I’ve gotten mixed answers on what to do.

Sometimes they will get a guy like this who does a couple jobs well and then does something like this, but the reality is they are basically judgement proof just like super low income tenants.

Tampa Can Be a Good Option,it has great rental opportunities in neighborhoods like South Tampa, Tampa Heights, Seminole Heights, Carrollwood, and Brandon.Before buying, analyze costs like purchase price, rental income, management fees, repairs, and vacancy rates to ensure a good investment.Other Florida markets like Orlando or Jacksonville might offer similar benefits depending on your investment goals.

Feature/Service BlueVine Axos Bank Mercury Novo Interest Earn interest on checking account balances High-yield savings accounts No interest on checking; conditions on savings No interest on checking Fees No monthly fees, minimums, or incoming wires Low fees, but some services might have fees No monthly fees No monthly fees, but specific activities may cost Account Management Free incoming wires; easy online management Comprehensive online banking, specialized for real estate Easy to open multiple accounts; digital management tools Easy integration with tools; user-friendly interface Specialization General business banking Tailored for real estate and property management General, with a focus on startups and tech companies General small business banking Accessibility Limited physical branch access Online-focused, limited physical branches Fully online, no physical branches Fully online, no physical branches Integration Basic digital banking tools Some integration capabilities Strong API for custom integrations Good integration with business tools Cash Handling Not ideal for cash-heavy businesses Can handle cash through ATMs/restricted branches No cash deposits No cash deposits

In most recent cases, buyers are STILL purchasing properties with similar situations especially since inventory is so low.Assuming property location has decent demand AND your home is priced strategically when it hits the market, I'd say you do not need to obtain permits/COs.Are there any violations, open permits or complaints associated with these additions to the property?

If your tenant failed to give the full 30 days notice and owes additional rent, deduct it from the deposit and refund the remainder.