If so, you get the personal exemption of avoiding taxes on up to $250,000.

I'm asking for recommendations for a tax professional in/Near South Atlanta experienced with investors.

Leaving me with a payment including taxes and insurance of about 1600 a month for another 30 years.

So I'm wondering if I maybe messed up when it comes to accounting and taxes while rehabbing a house to rent.

Tax season is in full swing, and for most individual taxpayers, the looming deadline for filing and payment is Monday, April 18, 2022.

Do you understand the leases thoroughly to understand how to approach the noise, what the city and state laws are, how your property management deals with these complaints or do they? 

In addition, what will happen to the tax write off since both properties are paid off? 

Quote from @Clareen Eberly: First off, remember that a month-to-month rental is a "long-term rental" in the eyes of the law.

I invest and help others invest in Cedar Rapids, Iowa and know a couple neighborhoods where the tax assessed value is lower than other neighborhoods (same house), but just have a poor stigma/border thriving neighborhoods, so the spill over is and will continue to push into these neighborhoods.#4 You can take this questions 2 ways. 

I am getting only 1.5% returns without taking into account the equity building portion.Mortgage tax write off is 0 as I currently pay mortgage on my primary residence.I have used this property as my primary home for 2 years in last 5 years.