But I'm getting a pass because the IRS does not verify and does not even ask.Don has a more difficult time with his auditor because he does not have Form 1098, and he does not want to show a form with my name on it, for obvious reasons.

Also, for people who wish to pursue larger real estate ventures, you don't personally need to be able to analyze a deal, and can possibly partner with someone who does or even hire an underwriter.

As far as some other comments about like kind etc, you can sell this SFR and then buy a warehouse, or vacant land or even exchange into a DST there are many other assets that are considered 'like kind'.

Heck, I even agree with some of them!

If that's the case, I would likely hold the property without pulling money out and break even or cash flow a little.

It may be best if you identify a property, even if it's a longshot and work with a lender to see what they would ask and how they respond.

Even if they had renters insurance, it comes with a $500 - $1,000 deductible just like your insurance.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

However, I'm now a licensed REALTOR in the Springs and am looking for a flipping team, or even to work with investors!

Keep detailed records of repairs, improvements, and rental income, and consider working with a CPA specializing in real estate to ensure you're taking full advantage of deductions and strategies like passive losses, home office deductions, or even the Qualified Business Income deduction if applicable.Good luck!