I'm considering renting a property per room in order to maximize the rental income. It's a large single family house, 5 bedrooms, 2 full baths, kitchen on main level and in basement. However, I've never done a rooming...

Dear all!,Does electric fireplace replacement count for repair or improvement?The real question is can I deduct the expense at once or must I depreciate it from tax perspective?Thank you-Alik

I am scheduled to meet with my CPA next week. What questions should I ask him? . Below is a short summary of my portfolio.2 rental properties in my state (VA)1 in TN and1 in OHI want to create an LLC but I don't know ...

I frequently see properties with non-conforming aka not permitted additions.  Specifically, I'm looking at a multifamily property which had a garage, now converted to a studio.  It has all the necessaries - kitchen, b...

Im booked via airbnb well into oct, nov.... what happens if i want to sell my cabin in coming months? Are these able to transfer to new owner?

Hello everyone,This may seem obvious, but I wanted to put this out to all of the newer investors who may be working with some partners, agents, etc. who don’t really know what they are doing and are offering poor advi...

Hello, I just rented out my first unit. The renter asked for a couple of maintenance works to be done upon moving. Some of those requests are legitimate, which will be fixed asap by my contractor but a couple of them ...

I recently purchased a cashflowing 4 plex. Since I am using my VA loan, and since the seller is covering closing costs, as is common in the area, I end up without any cash out of pocket, and also receiving deposits an...

A few months ago I paid for a multi-month direct mail campaign with former BP sponsor Michael Quarles' YellowLetters.com but now my calls and emails are going unanswered. I am concerned that I've lost thousands of dol...