As of right now, the estimated pay out per claim is about $8.

In my case the prospects claimed to have never heard there was any problems with pit bulls which was also a red flag to me as everyone knows this.

You can never get the partial claim reduced or forgiven.

Selling an investment property can result in significant capital gains taxes.

Or, rather, what the tax code said. 

I’m originally from NYC and I’m currently working overseas for nearly 10 years as a Construction Manager and have been enjoying my time here as well as my family (and the tax benefits too!!).

Or, is REPS really a “free lunch” for those who qualify - they can claim an active loss reducing ordinary income today, AND get to claim passive and capital gains in the future on the appreciation?

Prepaid items are comprised of property taxes and insurance and prepaid interest.Property taxes and homeowners’ insurance will depend on whether or not you have an escrow account, when you are closing, and when those items are due.

Also note the condition of the unit, room by room, on the move-in check list.These are your primary defense EVIDENCE exhibits to be presented in court to counter the tenants claim(s) of non-habitable condition.

Also think about the tax consequences.