Tax Free Vacations!
Apart from depreciation and deducting day-to-day business expenses, you can deduct any costs involved in travelling to your properties and
also any costs involved in visiting potential properties. So you could be looking at beachfront properties in Los Angeles or some nice
waterfront condos in Miami and put all your costs (including meals) through as legitimate real estate investor expenses!
Should you attend any real estate conferences, exhibitions or training, these costs can be deducted too. It's very kind of your tenants to pay
for your tax-free vacations. Just keep them realistic!
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Please Note - The information contained in this section is only my opinion and should not be regarded as legal or tax advice