I'd be willing to guess that anywhere that is classified as VERY street by street is probably a bit rougher than you should be looking for.

Post this in the Classifieds and you'll get a ton of people reaching out to you.

If lenders don't budge on classifying the property as a primary residence, you can still get an investment property loan.

After accounting for social security and other investment income like IRA/Lifeinsurance/Stocks (of which was made possible because of real estate cash flow)  my mother would be classified as part of the1% and earns a corrsponding Passive income.  

Also adding in here for anyone else viewing that we would need to consider the possibility of the IRS classifying this as a second home versus an investment property and disallowing any potential 1031 exchange due to allowing a family member to use the home rent-free.There are safe harbors to qualify for a 1031 exchange.

Gains from the sale of an investment are classified as capital gains.

Can provide more info as needed.Hey Nathaniel, Given your scenario, where you've already conducted a cost segregation study and qualify for 80% bonus depreciation, the best strategy depends on how the $11,000 bathroom renovation is classified.

You run the risk of the IRS classifying the property as 'personal use' if you rent the property for a lot less than FMV.

It's more like a classifieds section where you can also contact renters who post a housing request.

I would not classify it as "slamming" but just just "checking" him as we all need encouragement and motivation not the opposite.