It is purely fictional and posed as a challenge to stimulate the mind into more creative ways to boost anyone's current real estate sales.Let's say you want to purchase a house for yourself.

., Wood Village, Oregon 97060MLS: 15484253Rentometer says a 2 bdrm unit should rent for around $860/mo and a 3bdrm unit should be around $1,220/mo

I have heard of a tiny house village in Downtown DC as well.

Remember too, each township, village and municipality has their own overriding codes (trumping Illinois or National code) so it is best to call the village and ask them directly or a local architect. 

There are people here on BP who advertise "wholesale" properties right here in DFW with fictionalized ARV's and understated rehab costs.  

But some of the things they are probably going to suggest you deduct are:1) Any expenses related to the purchase - i.e. home inspection, etc, some financing costs depending on what type and how it was financed, appraisal, etc.2) Insurance.3) Property taxes.4) Depreciation. 5) Interest expense (if you have a mortgage).6) Utility bills. 7) Village permits8) Rehab - labor and materialsIf you're doing the work yourself, then you'll only be able to deduct the materials.

The problem is that the net worth is fictional, unusable, and subject to substantial market risk. 

Its amazing that HUD title company takes weeks and months to get a water or lawn cutting bill from a village when my realtor can get one in less than an hour.But you need to track down what the issue is first and then, hopefully, its something as easy as an outstanding bill that needs to be retrieved and paid by the asset manager.Unfortunately, they won't just let you pay it yourself or you could really speed things up.

I host a general meeting in Westlake Village & invitation only advanced masterminds with real investors not seminar salesmen/women.

Pat Lowry and Troy Stites I started a thread on the topic here: http://www.biggerpockets.com/forums/51-tax-legal-issues-contracts-self-directed-ira/topics/73611-sdiras-and-non-recourse-loans-fact-or-fiction