You can't take any deduction on your tax return or claim any depreciation on a property owned by the IRA, just like you can't take deduction or depreciation on a property I own.

I am reporting every one of them now as this has gone on for years and is ridiculous that people don't know how to follow the law! 

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

well if I ever make it to the Smokies to see what the draw is  I will rent a condo then :)  I am just guess but I suspect folks that go there want to be in the woods and hear the birds and maybe some local mtn views etc.. or some sort of privacy they never get at home out east were there is not very much public lands close to where they live in the big city. ????

I think access is a major stumbling block to the Oregon coast. its just a long way from everywhere.. and the amenties as you state that are missing.Its super popular though for Oregionians no doubt.Keep in mind though from Jenner CA north through Ft.

If you would like to avoid that process, then you can either close with a portfolio loan or DSCR, and just vest title in your LLC from the beginning @Lau Cor. 

So I just closed on a duplex a couple days ago & Im going to be house hacking.

When they sign the lease, it is one of the five key points highlighted on the first page that they have to initial.

One housing authority wouldn’t even entertain the request, while another was open to it because it was an affordable housing property, requiring just an application for the exemption.From my experience, dealing with government agencies, especially when trying to save money or get financial benefits, can be a slow process.

If it's a fixer upper you would account for the rehab and purchase price then compare against the ARV.