Most states require them to produce a report with that data to give to the client.So why is having an algorithm look at the rental data illegal, but an individual person look at the data not?

The first is that there's no consensus between tax professionals, and the second is that you will not like my personal interpretation.My interpretation is:Until the property is "placed in service" - everything goes into basis.Illustration.You buy a property July 1st.You finish rehab November 1st and put the property on the market.Your tenant moves in January 15th.The property was placed in service November 1st, and it does not matter that the tenant did not move in until the next year.Everything paid between July 1st and November 1st, including interest and utilities, goes into basis.

But the risk to the seller on this deal is immense you have a guy tying up a property who has no ability to close it and then sell it to whoever will give him money and that person could be nefarious get into title rip rents could give 2 craps about the sellers credit etc etc..

I’ve met most of my partners through in-person events because it’s easier to get a feel for someone’s personality and long-term vision.

Management is an experienced USA team. 

Take into consideration that when the person you gifted the property to will have special tax considerations as well 

This is our boilerplate language:Insurance: Tenant should obtain a renters’ policy of insurance on their personal property.

People like to rent from a person not a 'brand', it's more personal.

I haven't personally dealt with any crazy insurance premiums such as the ones people have been advertising in like Tampa, FL.

We recently relocated to Phoenix last summer and I'm starting to look for recommendations for local credit unions here in Phoenix which are trustworthy, low rates, personal touch, easy/simple to work with, etc.