Hello All-
What counts as a legitimate expense in determining income from a rental property? Pretend the rental gross is 30,000 and the total mortgage paid is 25,000 (including interest and principle) plus insurance .... How does this work? Is the principle just deferred earnings in an investment property?
What counts as a legitimate expense in determining income from a rental property? Pretend the rental gross is 30,000 and the total mortgage paid is 25,000 (including interest and principle) plus insurance .... How does this work? Is the principle just deferred earnings in an investment property?
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