They also to a 3D rendering of the install in advance with your chosen specifications which is really nice!

If two is chosen then there is a new tax payer. 

Specifically, if the property could be rented today, without any renovations, at a higher rate but the seller up til now has chosen not to, should they expect to be able to base the sale price on gross potential rents?

I'm quite sure you'll be successful with your chosen path.

They've already chosen you for the audit.Here's the paragraph I was thinking about above:A taxpayer, who does most of the work in a rental, meets Test 2 for material participation in Reg.

However, I do have many years under my belt in sales management and I am fortunate enough to have some construction experience, so I believe the two strategies I have chosen may be my best starting point. 

Listen to podcasts, read books, watch videos, do what it takes to meet industry professionals, and most importantly, be authentic in who you are and what your goals/reasons are for why this journey is the chosen path in the first place.

Purchase price: $151,000 Cash invested: $3,000 Bought it for my personal house and then got interested in real estate investing either a future long-term mid term or short term rental haven’t chosen yet What made you interested in investing in this type of deal?

What I'd be careful about are the types of tenants chosen and what to do if they can't pay due to the present eviction moratorium due to COVID-19.

As i'm the foreign nationals, i know there's not much options can be chosen regarding the financing.