Greetings, when researching online, i came across a nugget that typically deductible closing costs can only be deductible on mortgages that are 30 years or less, but I can no longer find that web page!  If there is su...

Hello, Bought my first home in Chicago and it was/is a rehab. Went with a contractor who is a friend of a friend and this is my first time doing a rehab. This will be my primary residence. It is a 2 unit RS-3 that I c...

I recently have a new tenant, and when rehabbing I installed a bathroom mirror with a backlight, that had a glowing ring on the mirror that is used to turn the mirror on/off. After a few months, the tenant has reached...

Prior to buying my first beach vacation (out of state) rental property, I wanted to use numbers and calculations to asssss my potential investment.  I'm making an excel sheet with all the calculations found on this we...

Hello all! Recently we had a tenant refuse to pay until we fixed a problem in their unit, we were having a part shipped & it took a while to get here. We replaced it closer to the middle of the month & then th...

I just had a tennant leave this week and she left a small tv,couch, 2 chairs, and other junk. Can I legally throw this stuff out? These people were scammers and Im afraid they are waiting for me to throw it out so t...

I know some people have probably done a lot of turnovers in their careers. I'm just curious. Does your deposit typically cover the entire turnover? I'm wondering because if it doesn't, that would take a chunk out of y...

Hi BP,I recently incurred significant expenses for the exterior of one of my properties, and am requesting your assistance in understanding what I may be able to deduct in the current year.  I would classify each of t...

Recently I picked up a "Power Plunger" (Item#99644) for $5.95 on sale and a 25' drain cleaner (Item#66262) on sale for $11.99 at Harbor Freight.  These two items were recommended to me by another investor as good to h...

Hi everyone!
I am a new member of the BP community and am under contract on my first rental property in Lakewood, Ohio. I'm starting out with no experience in home improvement projects and don't really have a good un...