Thanks in advance  Are you a corporation, LLC, individual?

It's a great way to expand your real estate business if you can find individuals willing to co-sign.

It's unclear on how that plays into your question about taxes.

@Eric E.UBIT only comes into play in an IRA on leveraged real estate and running an active business.

You’ll be playing for appreciation and rent growth.

Well I have seen this come into play - I had someone who has a note in florida that was a non-owner occupied loan and the lender claims the borrower failed to make payments on this and attempted to record the deed in lieu.

These areas could all be excellent long-term plays.

If you play your cards right, this could be a great way to build equity and add value to the property.

2) Many flat fee PMC's charge whether property vacant or occupied, tenant paying or not.Lots of games also played with Maintenance fees.

We have had much greater success renting a whole unit out that renting our individual rooms, though it has been nice to have some flexibilty to accomodate travelers who are coming as singlets and doublets.