@Cole Britting not sure what the answer is myself, but would like to wish you good luck upon graduation and your REI career.

so I think I qualify on that score.the answer is it depends.Generally if I am buying to hold I just want the price discounted by what my commission would be if i am flipping it its ordinary income either way. 

As I understand it, that gain will be taxable at my ordinary tax rate since I had a loss before the recapture.

You disposed of the property and, as such, should recognize gain or loss.The hard part will be figuring out whether that loss is ordinary or capital. 

Deliberately choosing to increase income or lower the expenses that were necessary and ordinary to run your rental is loan fraud, plain and simple.  

“If you exercise ordinary business care and prudence and forany number of circumstances can’t meet your obligations, I think, in time, any kind of penalty issueshould be able to be resolved.”Auchterlonie said taxpayers should also keep in mind the IRS’s first-time penalty abatement policy.

Check reviews onlineIf you are looking to do anything out of the ordinary purchase and sale, ask them if they have experience with that, and the specific property type you are looking for. 

As all of us in the Bigger Pockets community know, rent is due today for millions of businesses and ordinary people, across America. 

@Cole Britting The seasoning requirement is not a steadfast rule for private lenders/HMLs.

Pet fees and deposits are collected incase of damages made to the property that are not ordinary wear and tear.