All I’ve received is bad property managers and rising debt costs are to blame, GPs have lost a lot of money also, this is the first deal failure for the GPs … The second deal has had two capital calls and is scheduled for foreclosure in August, unless additional funds are raised from the last capital call.

It was a fight for sure, but we were able to use the STR income because we had good history of it on Schedule E.

How this should be reported in a general case would be helpful.As I follow schedule D, I get to an end result of the recaptured gains being taxed at my marginal rate above 25%.

I emailed her, scheduled calls in her calendar, no response and no callback.

This would include your timeframe and scheduling to help the owner assess their timelines as well.I hope this helps! 

Would love to schedule time to chat! 

You are being VERY NAIVE if you seriously think someone is going to manage a $10k+ project and spend HOURS chasing contractors, checking on permits, verifying work is done properly before payment and trying to keep everyone on schedule - for no additional charge.Best of luck, just don't blame anyone but yourself when you find out the truth the hard way.

Confirm that the Debt Service Company used, will provide you with easy access to:      - monthly/quarterly/annual statements of your pymt history    - ideally, easy user login web or app access     - 1098 or annual (interest payment) tax documentation mailed, emailed, or pdf download-able     - alerts, notifications, and pymt scheduling options for: pymt due, pymt applied/received, outstanding balance, etc.3.

One last point: If there is a higher tenant to bathroom ratio, a simple dry erase "shower schedule" on the back of a bathroom door can work wonders.

Full time flight nurse and pay/schedule is allowing me to dabble in the world of real estate.