I've been reading IRS Publication 527 to better understand the tax accounting for rental properties. I'm not sure how to interpret this statement about insurance:

"Insurance premiums paid in advance. ...

I'm back again with another tax question for the CPAs here. I'm under contract for a 4 plex for $320K. I don't have the 20% downpayment, so the bank is financing me a $100K commercial line of credit against a rental t...

Hi BP'ersI purchased an OOS property last year, in Cleveland, OH. I am a starter investor you can say. I have been following the expenses from the property mgmt and noticing expenses such as 'bill payment fee' charged...

Has any one heard of this before, They want you to pay 3500 for there software so you can manage your accounts. It sounds lke we can do this with out paying for the software.
Any info?
Thanks
FD4

Had a question about expenses.  My wife and I are wanting to buy our rental properties cash.  I know we need to take out insurance, repairs, cap ex, taxes, etc. out of the rent, but is a vacancy expense necessary if w...

There is an off market 9 unit apartment building for sale. 2 of the 9 have not been paying their rents for the past 6-7 months. Realestate agent is using rents of all 9 units to come up with valuation of the property....

Hi everyone. I own one Airbnb. I want to buy the second, but I am afraid it’s going to be hard to pay for two mortgages, with only my 9-5 job.  Should I use the profit of my  airbnb to help pay the monthly installment...

So my wife and i are at a crossroads.  She has been offered a job in the Atlanta market, and my job has the potential to transfer.  Problem is, we've only been in our house for a year in the Nashville Market.  We boug...

Getting ready to buy my second property, and I want to do a much better job estimating what my monthly cash flow will be. So, first what is the best way to get an accurate measure of what the property will rent for? ...

I have 2 questions here. I am trying to buy rental properties as fast as I can afford to. I have 3 already with not much equity in each. I am pre-approved for another 110,000 on a new building which I have yet to f...