You don't need an LLC to write-off expenses for having a rental.

We need AJ Wong (our Oregon Coast expert) to sound in on this.  But if this can be turned into an STR, it has literary history.  Ken wrote "One Flew Over the Cuckoo's Nest" here.  Is literary fame (and a Jack Nicholso...

Hi @John Underwood & @Lianna Utley - If you're spending $35K on a Trex deck, it likely qualifies as a capital improvement, which means it typically needs to be depreciated over time (usually 15 years if it's considered a land improvement or 27.5 years as part of the structure).However, under the new 100% bonus depreciation rules (reinstated in 2025 for eligible property), some land improvements (like certain outdoor enhancements) can qualify for full write-off in the year placed in service.

Slip and fall artist guest who falls on their own **s, claims they are injured, and threatens to sue you unless to settle out of court.

A big reason why I wanted to get into real estate was for the tax write-offs year to year.

It really makes me sick that these scam artists run rampant while the SEC does absolutely nothing to combat the issues.

Question is the agents are not writing the contracts right ? 

One year later, a friend joined me in learning QuickBasic and we started a "company" writing small DOS programs.

I would start with a simple spread sheet and write everyone down you know. 

It can vary by region, so it’s smart to ask upfront and get any inspection permissions in writing early in the process.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.