No such requirement for improving rental properties and deducting interest on Schedule E. 

I’ve edited this version to comply with the rules and removed any references that could be perceived as self-promotion.

@Angelo CortezYou can still deduct, however STRs are reported on Schedule E, not Schedule C.The IRS expects you to file 1099s even without SSNs - which I personally always found to be puzzling.

Good to e-mail on the address on your profile? 

You just keep twisting things John so clearly your here to promote an agenda and not for intelligent discourse.  

Here’s an example, I just took a trip across the country, and decided to visit some “popular“ OOS investment neighborhoods that are promoted here on BP.

Just PM me your e-mail.It NEVER was about the HELOC - that's only one option.

If the LLC you own shows a loss (beyond depreciation), and you are an owner of that LLC, this would carry into your personal tax returns on Schedule E, page 2 from your K1.

I would be leery of an product or service being promoted that has zero negative reviews.A 1-star review is often not realistic and will tank the algorithm in your first year for sure because it's not balanced out yet.

https://www.chicago.gov/city/e...