Hi Vicente, you could ask his expertise and experience, knowledge of legal and regulatory compliance, etc. 

Hi Tom, you could ask about Tenant Information, Property Maintenance and Upkeep, Financial Matters, Lease Agreements and Legal Compliance, and Transition Plan.

Lol on the "loophole" trigger 

First off  you have a CRIME FREE /Drug Free addendum on each tenant that lives in your rental.If you notice suspicious activity or have reports of the same you give tenant notice of high traffic / volume of people to unit as notice to cure.. if this continues or you see or smell drugs you give notice of non-compliance and lease termination. yes you can ask police for advise.. but your main goal is to limit the calls police have to make to your property so you don't want to be listed as a nuisance property. but if the issues warrants it yes call the cops and if a neighboring unit is worried tell them to call the cops sometimes you have to have a record of police calls to verify the issue so you can write up infraction for eviction action..

With that type of experience, I might target a fix/flip or HML that has experience triggers keeping your costs low and maybe even something like deferred interest payments or bundled fees.

That may trigger the property manager to reach out and negotiate a settlement because they don't want the state digging into their books.

I am 100% positive that Fresno and/or Fresno County has some great deals out there....you just have to pull the trigger!

While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.

@Andrew LaxNot if it’s owner occupied, and it’s not as much Dodd frank but compliance for housing paper after it’s originatedStick with hard money.

There is a special way to report it to get the deduction while not triggering a computerized notice from the IRS disallowing the deduction.