A Tax Credit is a direct, dollar for dollar reduction in the amount of money a taxpayer must pay in taxes for a given year. 

To answer your question, Dodd-Frank is a law that is continuously being modified that applies only to banks doing business in the USAAs the article states:**************************************************************"What Dodd-Frank does is prevent these bailouts from encumbering the taxpayer by forcing the banks to liquidate anything and everything to pay off bad debts.

Assuming we're talking about traditional, long-term rentals (and not STRs), there is a small taxpayer passive activity loss allowance for rental real estate of up to $25k if your modified AGI is $100k or less. 

Two of the safe harbors for unforeseen circumstances under the -3 reg are The cessation of employment as a result of which the qualified individual is eligible for unemployment compensation (as defined in section 85(b)) AND A change in employment or self-employment status that results in the taxpayer's inability to pay housing costs and reasonable basic living expenses for the taxpayer's householdOP will want to make sure he meets both the ownership and use test for the property. 

In a reviewed decision, the Tax Court has held that taxpayers, who voluntarily demolished and constructed a new house on their property in order to enlarge and remodel their home, couldn't exclude the gain on the sale of the new house under the Code Sec. 121 exclusion for the sale of a principal residence.

These next 2 you can do on your own.Apply for an ITIN (Individual Taxpayer Identification Number) or Social Security NumberOpen US-based accounts (with the above items in hand, you can open a US bank account)This will set you up to legally invest as you see fit.

. = Adjusted Basis (Note specific use of Purchase Price & costs, not building cost).2) BASIS FOR DEPRECIATION OF PROPERTY RECEIVED: Relinquished property adjusted basis + Any additional Property transferred - Liabilities assumed by taxpayer (new mortgage)+ Gain recognized on property- Liabilities assumed by other party (old mortgage)= Basis in replacement property  (again, no mention of building vs. land)Thanks for any light you can shine on this!

There’s no 10% penalty right now and the tax pay back is three years.

While they are not technically required (there is strong court precedence that taxpayers may reconstruct mileage from calendars and receipts), the IRS often disallows mileage without contemporaneous records in its entirety during audit or examination. 

., The LLC is the taxpayer for that current property.