Quote from @Jason Varga: Hi all, I am an American expat looking to buy a duplex in Cleveland.

I have all my properties with American Modern and Allstate.  

Thanks a million, KristinSTR is great for using depreciation to offset ordinary income and passive income.

If you’re considering holding multiple properties, managing cash flow within the account to cover these expenses is crucial.If you convert a Traditional IRA to a Roth IRA, be aware of the tax consequences, as the conversion amount is taxed as ordinary income.

@Raphael RamosLending to someone is interest income just like interest income in your checking or savings account - it’s typically taxed at ordinary income ratesI am not sure I understand the question if it’s deductible?

Did you know 94% of Americans don't own a single investment property? 

Something does not check out. 1) the reps have very American sounding first and last name but their accents are completely not.

I expect rents to go up a lot because less and less Americans can afford a house over time plus folks are far more mobile now so they may be inclined to rent vs buy.

Per this NY Times article, the average American knows around 600 people.https://www.nytimes.com/2013/02/19/science/the-average-american-knows-how-many-people.html#:~:text=The%20average%20American%20knows%20about,do%20you%20know%20named%20Kevin%3FPer the US Census Bureau, the average American moves 11.7 time in their life, which based upon an approximate lifespan of 84 years, works out to be about every 7 years.https://www.census.gov/topics/population/migration/guidance/calculating-migration-expectancy.html#:~:text=Using%202007%20ACS%20data%2C%20it,one%20move%20per%20single%20yearSo, if the average American knows 600 people and they each move about every 7 years, that means that the average American knows around 85 people that move in any given year.How many of those moves do you want to be involved in?

Why does the IRS consider it ordinary income?