Most tax professionals do not advise their clients to utilize this approach and it may raise concerns under IRS examination.

Aside from the obvious dangers, I’m seeking best practices and how experienced investors  in this area handle hurricane damage?

Hello BP members, I have a prospect who has applied for rent for one of my SFR rental but during my processing of the applicant. I found the new job the prospect was hired for (Provided me with a job letter stating th...

We’ve had 6 showings in the past week alone, which is already a lot, but the most concerning part is what’s been happening during these showings.Here’s the real kicker: there have been showings (with prior notice given) when we weren’t home, and my cameras caught prospective buyers entering unaccompanied—no realtor, no landlord, just strangers walking into my occupied home.In one instance, my husband happened to be home and answered the door.

In any case there is no taxable event yet.As far as your brother is concerned, it again depends on the nature of the transaction. 

You might want to visit Detroit if you have not, and drive around the different streets in the city- but I warn you it is very dangerous in many parts.

Meanwhile, your expenses, like debt service, taxes, insurance, and maintenance, continue.Another concern with investing in disaster-prone areas is the high cost of insurance.

What are the concerns?

If it was just an email (again have not seen it) that says they are pausing with no explanation etc. that would be a very big cause for concern.3.

That was actually my concern, getting the type of tenant that don't destroy the property.