Say a renter moves out on Jun 1st. I spend the next week preparing the property for a new renter and then start advertising Jun 7th. I find a new renter a week later, and that renter moves in July 1st. The property was rented the entire year as far as the IRS is concerned, *PROVIDED* I did not live in that property for one single day during the entire year. So if I rented at $1000/mo for the entire year, with no renter in it for 1 month, then days rented is 365, and my rental income for the year would be $11,000.
