I can only assume that the offshore banker with his team of accountants and lawyers would provide the client with a legitimate cover story as to how their money is genuine, authentic, legitimate, clean if you will... assuming that the lawyer is saying is true, do you believe that he and his team could have found a loophole in fincen, treasury dept money laundering laws? 

With the community bank, we have a wire module through that bank's Treasury Services department that allows us to wire funds for $15/wire.

(the most likely) The Federal Reserve will eventually set rates that will allow mortgage rates (tied to the 10 year treasury note) to fall into a more sustainable 4-5% range.3.  

When we follow mortgage rates we look at the 10 Year Treasury which sits at about 3.74% as I write this blog.

., 5%, $14K+ balance), contributing $50/mo. to a very small emergency fund ($2K balance, 1%) in a HYSA, also contributing $50/mo. to I-savings bonds from Treasury Direct ($1K balance, 9.6%), have a small amount of shares in brokerage account ($1.5K - towards risky tech stocks), no other assets or real estate, no crypto, no pets, no subscriptions, no utilities, no car, no rent/mortgage (live free w/fam), no phone/internet/tv bills. 

Be prepared to actively manage your property, pay someone to actively manage your property, or buy treasury bonds.

Online banks are paying less than 1%,  30 year treasury rates are 1.73%, and 7 year CD's are around 1.3%. 

Standard program is generally is 5-30 year term, partial-full term IO, 1.20x DCR, 30-year amortization (loan sizing), non-recourse (with carveouts), priced in the low-mid 100’s over treasuries (low 5% coupons).

Ask yourself this...the 10-Year US Treasury is trading at 4.060% right now.

I would be very cautious on the rental property-I am not convinced that rental property will not qualify for the new deduction-borrowing from Hedge Fund land -trader vs investor-it is not defined in the code and as alluded to previously trade or business under 162 goes to case law-in financial services one of the items to determine a trader-which is a better tax position (deductions not subject to AGI 2% limitation)-is regular and continuous activity-lots of trading-turning over portfolio multiple times a yearIn Real Estate World-if someone owns 6 or 7 houses and is always involved-think tenants, busted pipes, collection of rent, evictions when necessary-can you say that does not rise to the level of a trade or business-why is a grocery store any differentI have looked around and I don't see any major commentators saying rental wont qualify unless common ownership (I did see the verbiage in the proposed reg and I think there is a different reason that was put it-something about aggregating rental with non-rental activity)Bottom Line-all I am saying is lets wait and see as comments are submitted to Treasury and not rule anything in or out as far as rental properties are concerned