At least the daughter is not trying to raise the price....Hopefully....

But as soon as your day job annual income exceeds $150,000 that goes away....Is there some box on Schedule E to check that tells the IRS that I am a "real estate professional" which magically undoes the Passive Activity Loss rules? 

I hope that all makes sense!

Im hoping someone can give me some advise on this, I'm looking at buying a triplex and putting about 25% down and using a DSCR loan for the rest, has anyone that has used a DSCR loan have anything good or bad to say about them?

Guy lost his job and has a foreclosure sale date in 30 days.

The only way you are gonna meet people who can help you, private lenders, etc is by getting out there and talking to people about what you want to do.I hope this helps!

I have a small list of leads on vacant or run down homes that I would like to send mailers out in hopes to purchase the homes.

Now, this is just for an example….hopefully no one is actually doing this as you would make $0 as a company.

Hope that helps

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.