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Steve Schwartz has started 2 posts and replied 4 times.

Hi, Brent M. pardon my ignorance, but what is PM?

I purchased a vacation home in Newport and we added on an apartment above the garage to rent out.

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New landlord with 1 rental unit in Oregon. Looking for the best way to make a lease up. I know there are lots of templates out there. Just looking for the best option. Any advice on options?

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Construction cost was approx $75K

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New member, I own a vacation property that we use every month. Just finished building an apartment above the garage to rent out to a long term tenant. I realize I will need to find a good CPA but can anyone explain if this can get expensed in any way (construction costs). Or does it just get depreciated? I guess my confusion has to do with it being part of the existing vacation home. Any thought would be greatly appreciated. Property is in Oregon if that matters. Thank you!

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