You must have the Business tax license & pay all the fees required.  

We have sold (tax free), kept as long term and/or short term rentals as well.

Since it’s a new build, I was able to negotiate some great perks, like a 5.875% interest rate, no closing costs, a fridge, blinds, and even a backyard firepit.Pros:Good school districtLow interest rateMinimal CapEx and repairs (because it’s a new build)Low insuranceHigh-quality tenants (due to the school district and being a new build)Cons:Lots of new builds in the area, which could drive down prices and increase vacanciesThe Numbers:Price: $290KInterest Rate: 5.875%Down Payment: 25%Monthly Mortgage + Insurance + Taxes + HOA: $1,480 (I got really low insurance since it’s a new build and Alabama’s property taxes are low)Property Management: 10%Rent: $1,800 (this is under market because I wanted to rent it quickly—most units in the area were sitting vacant for 100+ days.

-- solid strategy, make sure you look at the trailing 12 months cashflow and do extensive due diligence, you might even consider hiring someone to help you with due diligenceInvesting in mobile home parks?

You can always use a software like Turbo-Tax and follow the prompts.

First, there are about 6 states that I refuse to invest in because of their tax laws and what I consider to be an unfriendly business environment.

Should your mom pass away before you, the loan could not be called due, 

At the same time depreciation recapture is taxed at regular tax rates, not capital gain rate.

Focus on cities with favorable price-to-rent ratios, population growth, and employment trends, such as Des Moines, Oklahoma City, and Charlotte, while considering factors like landlord-friendliness and property taxes.

Not that I'm a proponent of borrowing just for a tax break, but the interest is a deductible expense.