She is taking time off to get her personal life together. 

Personally, I do not like any strategy or approach that aims to benefit from the misfortune of others.

The person worked for H&R Block, now works for TurboTax Live and is being honest about their skills: NOT QUALIFIED.

Then, each person with money in the deal would get an 8% preferred dividend until they get all of their money back.

K1s show your share of income or losses from the partnership, and you include it on your respective personal tax returns.Now, to your partners.

We make people take photos of themselves holding their ID and then I also meet them in person for the showing - at least for my units on the NW side of Chicago.I've never heard of these testers, but I am not surprised. 

You are correct… if a person has 600k and they can afford to risk it going alone in a new country and that’s what they want to do with the money then why not go it alone.

This is my first personal mortgage so I'm trying to learn the game.

No problem, I had cash from a refi, a HELOC, and a personal LOC.

The first is that there's no consensus between tax professionals, and the second is that you will not like my personal interpretation.My interpretation is:Until the property is "placed in service" - everything goes into basis.Illustration.You buy a property July 1st.You finish rehab November 1st and put the property on the market.Your tenant moves in January 15th.The property was placed in service November 1st, and it does not matter that the tenant did not move in until the next year.Everything paid between July 1st and November 1st, including interest and utilities, goes into basis.