The response I could give you is that it really all depends on location and the type of home. 

This aligns with the other responses in the thread, as passive activity losses (PAL) rules govern how these losses are applied across your rental portfolio.

What are some responses are you getting?

But when you can qualify and deal with the process before then - usually worth it to do bank options like this until you hit the scaling point (could be 3 rentals could be 5, could be 10 etc - no real "hard and fast rule") Thanks for the response, Robin! 

Hi Bryant, thank you for your response and valuable information! 

Suggestion: AVOID LIKE THE PLAGUE.I never received my order, no eta, and the only response I received was dated 10/21 saying they’d contact the manufacturer for a status.

No one is going to subsidize your cash flow on their behalf taking on all that responsibility for what they could have made as a teenager working at McDonald's. 

This is a great question, and love all the responses!

Thank you both for your response.

That being said, here’s what I would recommend for a thorough DD process:-Build a plan in advance (setup a spreadsheet, meet with the team, etc)-be prepared to take a lot of pictures -document notes with each room (we use notes on Apple and share it with the team)-align the team on standardizing information (example: what does “bad” mean, what does “okay” mean, etc - everyone looks at things differently and you want to make sure the notes are accurate during your debrief)-bring in professionals for things you can see, like sewer lines hope this short list helps!