It's not unusual for one good person to apply, and they move in their half brother that just got out of prison or something.There's a lot more to look at than just income. 

@Craig Bowman Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Classic american folks that think life does not apply to them.We're more than willing to help, **** I got no service to sell and nothing to offer.

It's good that Miguelli is working with a competent local agent who knows what they're doing, knows the local rules that apply to his situation as well as what is customary for the market, and has done this before. 

One notable exception is that nonpassive losses can offset anything, which explains our current obsession with STRs.Specifically to your questions.1 - No, cannot apply PAL against dividends/interest but probably can apply PAL against your K1 income (as long as it distributes ordinary business income and not interest/dividends)2 - STRs do not unlock prior year PAL, and neither does Real Estate Professional status, by the way.

Usually when paint 'doesn't stick', it is because someone applied water based paint over oil based without priming first.

I'll investigate how well this can be applied to Austin market. thanks again!

The only penalties would apply if I’m taking out the earnings that the Roth IRA grew itself, correct?

And once you find an investor friendly agent, they probably have a good referral for an investor-friendly painter, and an investor-friendly painter may have a referral for a good investor-friendly electrician, etc. 2.

To adjust your tenant screening criteria without any fair housing issues, it’s best to apply the new credit score requirement consistently from now on, treating all future applicants the same way.