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We'll start hearing about buyers getting screwed and suing listing agents in a few years, and O&E insurance claims will go up.How this ends, I don't know, but it's definitely go to be messy.

I'm curious if the income from these rentals, listed on Schedule E, will be factored into my Debt-to-Income (DTI) ratio.

Adelson is something like #22 of the world's richest people or maybe richest in USA, just bought some big plots to probably build one of the worlds largest casinos....interesting as we don't allow casino gaming yet. 

As strange as it was, I received an unsigned letter from her 10 minutes later, which she forwarded from him with a listing of the wrong landlord's name, a bad phone number, and an e-mail address to a utility company.The moral of the story is to review everything your real estate agent sends you.

Thanks Your rental income (does not matter if long term or short term) of your schedule E is calculated using this form: https://content.enactmi.com/documents/calculators/Form1038.C...Your schedule C income will be averaged over the last two filed taxes returns.

thanks for the good info. the address of the building is 816 E 90TH PL. something was telling me that my trip to the building department would be unsuccessful ..thanks for confirming my theory. yes the violations require many permits for sure. no the building does not have a red X on it. i believe red X should warn the firefighters about structural damage, previous fire damage etc. what's the process in that case ?

Can conceal and carry also mate.Toledo is the place to be 😁 Guns, Reefer & Cash Flow.....If Toledo gets a River Boat Casino, I'm moving there tomorrow.

However, if we file Sch E, we'd owe $7k.

Quote from @Scott E.: What are you trying to accomplish?