Regular maintenance and upkeep on the house itself is not occurring.Your renter disregards the covenant rules as well as Jefferson County laws.

You're in the Bay Area, have great income and enough money for a down payment, but none of the deals locally make sense because the numbers simply don't work on paper.You're a first time investor, so you aren't willing to take too big of a risk... that often rules out investing too far outside of state.

One just need read the law for a very easy understandingThe preceding sentence shall not apply to any foreign taxes described in subsection (a)(3) or to any taxes described in paragraph (1) and (2) of subsection (a) which are paid or accrued in carrying on a trade or business or an activity described in section 212.And then the reference from the above law to IRS Code 212(1) It has been paid or incurred by the taxpayer during the taxable year (i) for the production or collection of income which, if and when realized, will be required to be included in income for Federal income tax purposes, or (ii) for the management, conservation, or maintenance of property held for the production of such income, or (iii) in connection with the determination, collection, or refund of any tax; and(2) It is an ordinary and necessary expense for any of the purposes stated in subparagraph (1) of this paragraph.And for even simplified version, just look at the IRS guidance on the subject...What Deductions Can I Take as an Owner of Rental Property?

Does the depreciation of the property apply to local income taxes as well?

Does 2 out of 5 years rule apply here?

However, making sure you have a pet addendum that indicates the rules and regulations surrounding the pet is crucial. 

The one percent rule is a good rule of thumb to follow .

 ( i have broke that rule) Painting a bare basement is all I do to my rentals , clean no maintenance .

Hi..I recently read a rule on how to figure out valuation. 

The Qualified Exchange account set up - between you and the bank and QI.When the mechanism is applied this way you neither sell or buy property officially - you "exchange" with your QI.