It's a complete roll of the dice when you switch to the smart meter, so this doesn't surprise me....it could go up or down depending on the actual water uage.  

If you did a cost segregation study on the property in the past, you may have to recapture the depreciation taken in the past.capital gain tax rates are 0, 15 or 20%There is also a potential 3.8% Net Investment Income Tax.Also, don't forget state income taxes depending on what state the property is located or your state of residency.Best of luck!

New blood in the forum is always exciting.. what's your top strategy for finding hidden deals?

The  portfolio stuff does not so they make the rules up as they go along, but those loans comprise less than 10% of all loans.

It all depends on how your agent is able to convey the reason of the contingency and negotiate with the listing agent (As listing agents, they want to mitigate risks for their clients as well).For Condos in the Bay Area, you could be exposed to higher risk because of the new SB326 Balcony Law.

I've asked for the loan details so I can see the terms and fine print of the loan myself and am doing extensive research, but would love info from the community.

That matters because rentals are often automatically passive.That also means the taxpayer uses the material participation rules from 1.469-5T to determine whether the STR is passive or not.Having an average guest stay of 7 days or less breaks it out of the definition of being a passive rental under 469.

A real rough back-of-the-napkin metric I use is if a Colorado property's gross annual STR revenues can equal 10% of the purchase price.

 One of the 3 adults has a high DTI, what about the other two?

Be careful when you select entity types.A pass-through entity in the United States, such as an LLC, may not hold the same characteristics in Canada.What market are you looking to invest in?