They have a ton of passive income, and depreciation deductions have been used up. 

Is this a concern to anyone? With Trump gone and the possibility of him not having paid much taxes, maybe real estate investors will have a bulls eye on their heads. It is my very basic understanding that the Tax Refo...

How do you go about this, documenting kilometers seems pretty 'loose' for the tax deduction.

Make sure to use your creditline only for purchases related to real estate so the interest can be tax deductible , no comingling of funds to satisfy IRS, I've been told.

Then you get the interest deduction, keep all your own cash on hand (in case you want to buy another house), and a boatload of cash in case you really find that you can't sleep at night.

He needs to send you screenshots of the deduction as well as the front and back of the check by 430pm today or you will be sending the required notice to start the eviction process

I know it sounds a little weird, but it will give you a lot of rent, tax deductions, and property appreciation that will give you a better life over the long run. :)

I have Farmers insurance Company.Rental ABC Main St. 1- Add a Landlord policy, with a 5K deductible(to lower premium) and increase liability to the max 500K.2- The rental will be owned by a SM LLC.

We would take that number and deduct it from the FMV of the home. 

Whenever you file your tax bill each year, you can deduct costs like your mortgage interest and repairs.