Also there are rules with past due notices etc. as well as it relates to this.If you were to damage someone's credit and then find out you were not compliant, you could open yourself to a lengthy and very costly legal battle. 

If she moves out in seven days and leaves the house undamaged, you can apply her deposit to the unpaid rent and forgive the rest.

Unfortunately, there are too man posts and moderators can't catch all of them.If you see something that you believe violates the rules, type "@moderators" and we will take a look at it.

Hi John - Under the passive activity loss (PAL) rules, you can deduct rental losses against passive income. 

I don’t rule out anyone.

Louisiana is also a very landlord friendly state and that doesn't hurt either.I have been looking at the rental data in New Orleans lately and it seems like there may be a surplus of rentals available, most likely due to the STR rules causing people to switch to regular long-term rentals.

However while doing so you also need to make sure to comply with any fair housing laws that apply to your property to make sure you are not at risk of being accused of discrimination.

The first point I was hoping to get across is formulating your entity structures in a manner that will achieve anonymity does not prevent claims from arising.To apply this in a practical manner, I volunteer myself. 

I do not want to fully apply for anything at this beginning phase since I have more research to do, so hoping I can get some help here. 

Capital gains tax applies when you sell an asset for more than its adjusted basis, not when you borrow against it.