CPAs often advise against pursuing this designation unless the time commitment and documentation are robust, as failing to qualify can result in IRS audits or penalties.The 500-hour rule pertains to material participation in specific real estate activities or businesses.

Specifics can vary depending on the GSE:» For a Freddie Mac loan file: A copy of the borrower’s most recent, signed US individual federal income tax return is required.»

If they’re late a third time, you have a strong case for eviction for habitual non-payment—without risking the tenant showing up at the 11th hour with the money.For your specific circumstances, with only a partial month behind, I would guess there is a decent chance they can come even on rent and it would be a waste of your time.

@Aishan Gonaduwage what specifically have you read, and how OLD was it, about Detroit being on the decline?

The platform's main focus is processing mortgage documents in their raw form to extract specific financing terms for all properties in the city.

There isn't much I can add here except for the local expertise of the Boise area and our sister company property management team get these inquires often from tenants - so we have seen many ways how not to inquire about it and a few good ways haha.

Same broker team i used for the 1st one.

I am just starting out with a STR and found that VRBO is not very specific if they are collecting the tax and paying it to the State as a marketplace facilitator or am I responsible for this tax collection and payment ?

HI all we to are Canadian and invest in Detroit where we have a great team on the ground.

For a yearly lease agreement specific to Phoenix, AZ, you might consider starting with the Arizona Association of REALTORS® (AAR) or another local real estate organization.