Do you have "start up costs" for each rental property or is it a one time expense for your first property only and ends when you list it for rent? I can't find info on if this is a one time expense when you first get ...

I heard somewhere that there is a seven dollar per diem write-off allowed for food when visiting a rental property. Does anyone know if this is correct? Seems a little low.

Hi all,I'm taking action to flip my first property this year. And, I also intend to wholesale - both as a means of building up capital which will then be used towards buy and hold properties. With that I have already ...

Just wondering whether you are able to consider a trip to California a tax write off if you schedule a meeting with a real estate agent to look at properties? If so, what kind of documentation would i need?

I've tried to peruse a lot of the posts on cost segregation but haven't come across anything discuss my specific question/situation. I purchased a SFH in 2022 that I'm in the process of turning into two units with the...

Hey all, I am planning to start a small coffee shop in my city. I am a big fan of espresso. So, I thought why not sell it. There is great happiness associated with doing a business that you like. But the thing is, I a...

This may be obvious, but I couldn't confirm in my NOLO deduction guide so asking here: I know I can write off the advertising costs associated with advertising my rental property once I own them, but can I deduct the ...

Hello all, I am starting a rental arbitrage business shortly. I have a question regarding if I can use BPcon as a tax deduction for my business. I would love if a CPA could reach out to me on this post or by direct me...

I know that as a landlord manager of my properties I can deduct at a rate of $0.56/mile the cost to drive to my rentals as long as I keep good records and for certain approved activities such as collecting rent; going...

I ave a triplex in Texas I fly out to 4 times a year.  I was wondering if it's OK to write off all of flight.  I go mainly to meet with managers and do improvements.Would it be OK to writeoff the Plane tickets?  I was...