This post is meant for my accounting colleagues - an invitation to debate, basically.Let's consider scenarios.1. (clear) You buy a rental with a $100k loan. Two years later, you refi into a new $100k loan with better ...

Hi all! I wonder what kind of meetings are needed to run a successful agency, how much do you spend in meetings and how you allocate days of the week to run different type of meetings.  I am curious if people, for ins...

Title: Part rental: Mortgage interest+Property tax distribution between 1040-Schedule-A and Schedule E

I was doing a review of at my past tax returns which I have a tax firm file. For my part-owner-occupied-rental ...

Hi all, I'm owner-occupying one unit of a duplex and I'm wondering what is the best to report the depreciation if I convert the owner-occupied unit into a rental at a later date. The challenge I'm having is specifical...

I'm in a bit of a quandary at the moment. I purchased a property in pretty bad shape for about $1 million last year and spent about $500,000 on what ended up being a MAJOR rehab project. The city assessed the value ...

Alright experts need some advice. I have an off market deal I am buying from a seller, roughly $1.8mm, we had many conversations, toured the property, etc. The owner is wanting to fully retire and move out of state an...

Considering buying a short term rental - wanted to know if anyone here has had any experiences, good, bad, ugly?   The financials look pretty sound to me.  HOA's are high, but overall seems like a good bet on the outs...

I’m looking to purchase or manage rental property in Kauai east/north side. Just recently got my Hawaii license and have a lot of history/experience in management both long & short term rentals... I’m looking to s...

I use TurboTax to do my rental property taxes on multiple properties. My properties are within a 1 mile radius, but I'm spreading trips across multiple properties. Is it a better strategy to record all mileage ag...

I refinanced my residence last year to get cash out to buy an investment property, so I have two closing costs: one for refinancing my residence to get money out, the other for buying the investment property. Could I ...