Tax Cuts and Jobs Act of 2017, enacted Dec. 22, suspends from 2018 until 2026 the deduction for interest paid on home equity loans and lines of credit, unless they are used to buy, build or substantially improve the taxpayer’s home that secures the loan.So yes you can still take it as a deduction as long as it qualifies.

Cost segregation studies can be incredibly beneficial for property owners depending on the property and tax payer situation.

@Arthur Voskanyan Airbnb Income can either be taxed as passive income from rental activities or ordinary income that is also subject to self-employment tax.Factors such as the type of services you provide the tenant and the length of stay are factors that will determine how it is taxed.Shorter stay and more services provide suggestion that is should be taxed as ordinary income.

Remember that about half of loans are backed by insurance (you and me as the tax payer) so there is money on the "back end" that the bank stands to gain as well.

When a qualifying principal residence is sold, up to $250K capital gain per taxpayer that is due to appreciation can be excluded from taxation.  

Remember COVID.Sale:1- Hold for a year, so you pay Capital Gains and not Ordinary Income. 

To qualify as a real estate professional, a taxpayer must satisfy the following tests: Perform more than 50% of services in real property trades or businesses (“50% test”), and.

You are better doing one thing very well than being ordinary in many areas.

If you think your property tax is rough trying seeing your marginal income (like rental cash-flow taxed at ordinary income rates) taxed at 10% to 13%.I'm not saying I'm in favor of massive property taxes, I'm not.  

Is there anything out of the ordinary about the floor plan?