It's designed to prevent taxpayers from deducting passive losses against non-passive income, which often leads to situations like you've described.Your concern about potential double taxation on the $2,000 net income is valid.

I believe it tends to give me a slightly lower return, because the sponsor is going to be more careful, and if there is a severe downturn will prevent me from taking catastrophic losses.

I have heard of thermostats that you can install that have a minimum temperature setting (say, 50 or 55 degrees F) to automatically turn on the heat even if the tenant doesn't have the heater on, and we'd like to put those in to prevent frozen pipes. 

The release form would prevent that. 

While regulations and guidelines do tend to stay consistent at their root, they do change.

The outside drain still has some cast iron pipe with some small tree roots in it and I plan to get a plumber to clean and reline the pipes with that blue stuff.

I just removed a tenant from another property that was there for 15 months without paying rent, because Vegas' non-evict order prevented me from booting them (it expired on June 1).

I urge us to stand together to:End the Squatters Scam: Implement measures that prevent abuse of the system.Protect Homeowners and Small Landlords: Ensure fairness and justice for all parties involved.Streamline Legal Processes: Expedite eviction proceedings without compromising due process.Advocate for Transparency: Shed light on the impact of these delays on hardworking taxpayers.Senator, your support and advocacy can make a significant difference.

The combination of Al wire and an FPE panel is especially concerning because Al wire is more likely to have a loose connection that will overheat to a temp that can cause combustion, and the FPE panel has a high chance of not tripping when that happens in order to prevent that overheating from continuing.

Is there anything that would prevent me from refinancing using a vacation home loan now?