With the exception of taxes and utility liens as a general rule.

We could engage (and my usual sparring partner @Eamonn McElroy probably will) into a highly technical debate as to whether the practical method is breaking the IRS reporting rules - which is why I called it practical while calling the other one clean.

I am new trying to learn the rules.  

The interest that you pay personally can be deducted as the interest expense in your personal TR as business expense per interest tracing rule even if you pay for it and loan is in your name.

Seems like you haven't factored in maintenance, cap ex, lawn care, property management, or vacancy. 50% Rule says $1,800 in expenses additional to your mortgage payment.

There was more room for error in those numbers a year + ago as you could sometimes count on slight market increase in the ~3 month span during a flip if you went a little over-budget.A good rule of thumb for getting into a flip in a market where it looks to be shifting is to take the maximum % of shift you think might occur during the span of your flip, and make sure that is your minimum profit margin.

If in the comprehensive it shows your use industrial use then check out the required rules such as; lot size, required parking, lot coverage, FAR, etc.  

It just means we need to deal with the relatively rare occurrence of someone requesting a booking and telling us they have a service animal or support animal and gently pointing us toward the ADA rules.

Looking for advice or a general rule of thumb when buying a rental property?

I want to build a fourth apartment in a three-family that we bought in March and am trying to figure out how to fund the job.