How much of a deposit/percentage is "customary" to give a contractor to rehab a house?Or do you not give deposits at all? I have a Scope of Work, a Contractor Agreement with spelled out draws and project end date with...

This is how I have my excel set up with Calcing everything that goes into it. Under the Expense portion should I have columns for "Cap Expenses & Vacancies as well?" If so, what percent should they be taken from.....

Hi everyone, As I understand, every time that I purchase a rental property, after it rented, and I want to purchase the next property. The bank can take 75% from the income of the first property and if it covers the (...

For my rental properties I maintain a home office. Should this deduction be taken on Schedule E along with my other rental expenses? I ask because Turbo Tax lists the home office deduction on Schedule C.

Hi everyone,My wife and I have shifted our business to acquiring short term rentals over the past few years. We have always used a traditional CPA but with 8 short term rentals and 3 long term traditional rentals we a...

Hello! I purchased a property as my primary residence in 2006, converted it to an investment property in 2009, and then moved back into it in 2016. If I convert it back into an investment property, how do I calculate ...

I recently closed on a property in San Antonio. Half of it is a commercial property...a bakery. My insurance company is requiring a few different repairs. One is "clean the cooking equipment ventilation ductwork". I'm...

Hey guys how do you keep your capex/vacancy/repair/reserve accounts? Do you guys create a different account for each property to keep track of it better? Do you keep different accounts for capex and a different one fo...

Hello everyone! I just had my first successful year house hacking (2021) and had a pretty rough time figuring out my taxes and feeling confident that I was doing everything correctly. I worked alongside a CPA and aske...

When is it correct to maximize rental income reported on our SCHEDULE E (Form 1040) for additional mortgage qualifications?For example, an investor already has a few preforming rentals purchased last year. Now that ...