By COC it was deep DEEP in the red.

.: Buying "off market" vs Buying Using the MLS - You enter the Blue Numbers and Out Pops the Red & Green Numbers.Red numbers are Expenses and Green Numbers are Savings & Profit.

Basically kill your deal if they do not like it or feel there is a red flag.If you did not supply a tax return or lease they should not consider it a rental even if you do not own a primary home.

It might be a legitimate investment, but making an overseas investment like this and having to put money down on a dome before seeing it in person was a red flag for me.

My last one only took 105 days to evict and I had to holdover her belongings at the unit for 30 days 😄 I rarely have to evict tenants and normally have ones that stay 5 years plus.Luckily I live in a red state.

BUT you have less red tape, no tax returns, DTI, or employment checks are required.

Simply filing separately isn't going to automatically raise red flags to the IRS.

Red tape.

We hadn’t all been together in over 3 months and this would be perfect for us.My daughter rented the Ruby Red apartment.

- assuming 500hrs each, we have spent enough time this year to get to that but wondering if thats a red flag for IRS with high chance of getting audited (we travelled 7 times over the past year to work on the unit and spend at least a week each time excluding the time we spent managing the guests)- Lastly, our understanding is that each can take 50% of the final offset to our W2 assuming we prove material participation eligibility.