Best decision I ever made. they went on to basically lose the portfolio as 2 steps one back.. theft  non pay trashed units.. simply not a sustainable model.I then switched to no debt A class only takes a few of those to hit that magic 10k a month NET cash flow with basically zero drama.. and only a handful of props  to manage  .. owing 50 houses has major work load if they are section 8.. 

They don't have it it's non existent. 

Based on my reading of IRS Publication 523 (Selling Your Home), it appears that I must report the sale of the original property on Form 8949 and Schedule D, given that I received a 1099-S.

We specialize in DSCR and other Non-QM programs. 

I made no comment about rules that affect abled bodied and non abled bodied tenants.

Oh, because someone has marketed it as easy on the Internet.

If rent isn't paid following a 5 day grace period we post a late fee, followed by serving an Immediate Notice To Quit For Non-Payment, and then contacting our attorney to begin the eviction process.

However, the substantial price increases and lack of inventory have lead me to start buying tax deeds, which Georgia is a penalty state offering a 20% (non-prorated) premium. 

Some cliff notes:REP status requires 750 hours in real estate activities, and then after you hit that, the test is materially participating in your rental activities.If it is a short term rental with less than a 7 day rental period, if you materially participate, which could include at least 100 hours and that is more than anyone else, then yes possibly can use the bonus depreciation against other sources of non-passive income. 

Hate to be the dissenting voice here, but if you fully disclose that your child would be occupying the property you might run into some trouble with the non-owner occupancy that is usually required with a DSCR loan - your child falls into the category of immediate family and many undewriters would assume that if your child didn't pay their rent, either you wouldn't evict them or you would pay the rent for them, which then affects the cash-flow on the property level, which then affects the DSCR.