Reddit reviews Every Landlord's Tax Deduction Guide
We found 2 Reddit comments about Every Landlord's Tax Deduction Guide. Here are the top ones, ranked by their Reddit score.
Used Book in Good Condition
We found 2 Reddit comments about Every Landlord's Tax Deduction Guide. Here are the top ones, ranked by their Reddit score.
Great book: "Every Landlord's Tax Deduction Guide"
http://www.amazon.com/Every-Landlords-Tax-Deduction-Guide/dp/1413317685
I highly recommend this book, it will answer all of your tax questions. It's worth the $30 (and if you do go ahead with this plan, you can deduct the cost of the book itself).
http://www.amazon.com/Every-Landlords-Tax-Deduction-Guide/dp/1413317685/
And as others have noted, if you're not planning to live in it personally you need to get a mortgage for it as an investment property. The fact that you're planning to rent it to a relative is no different than if you were renting it to a stranger. It's unlikely there would be much scrutiny after the loan is made so long as you're not delinquent, but technically it would be mortgage fraud as you'll need to sign a document that it's intended as a primary residence.
All that being said, if the numbers work this can be a great setup.