Hi all,Can/Should a homeowner with housemates claim the income (rent) and a portion of expenses (landscape maintenance, cleaning service, utilities, home repairs) on taxes as a business expense, if it is the homeowner...

What is the fire code requirement in Rhode Island for a 4 unit? My understanding of 3 unit is hard wired smoke detectors. Looks like 4 unit + requires more.

Hi BP Community, Towards the end of this month I will be closing on my first duplex to House Hack in the Minneapolis, MN area. So far I  am remaining confident in my numbers/reserves amidst the current conditions and ...

Hello all! I am looking to purchase my first small multifamily property through house hacking. I am looking at two different loan options for an owner-occupied property. The first being a 3.5% down FHA loan. The secon...

Hi BP community - I'm looking to purchase a triplex or fourplex in the Houston area and would love to get feedback on the expenses that I'm estimating (too high, too low, any that I'm missing, etc.). Thank you in adva...

I need a new roof on one of my commercial investment properties. Can I expense the roof or do I need to depreciate it? My CPA says I have to depreciate it over 39 years but another CPA told me I can expense it. 

Looking for any advice/ knowledge people have about capital expenditure policy's. I bought my first rental and I am currently housing hacking. I made the rookie mistake if waiting until tax season to get tax advice an...

I have an owner who is looking to get out of her Mobile Home Park.She has NO Rent Roll or contracts that the tenants are on, just month to month agreements.  Let me give you the numbers:19 Lots17 Occupied 7 park owned...

Hi there,
I was recently looking at an FHA owner occupied mortgage for 1-4 units.   My lender said that we could count 75% of the rental income towards income towards my debt to income ratio.
However, I recently cam...

Hello all,Recently I was notified by our manager that a certain component in an appliance in one of my rentals needs repair. After reviewing the monthly statement I realized that the expense was well above the dollar ...