Unfortunately, that won't matter as  Fannie Mae and Freddie Mac, the Government-Sponsored Enterprises (GSE’s) that set the guidelines for conventional loans, which most lenders follow for other types of loans, too, require that a condo building’s master hurricane insurance policy provide 100% coverage of the replacement value for the building. 

I will update this thread if the seller accepts my offer.A few days after they approved me for financing, I get a call from a guy with very bad manners, peddling the Lee Anderson Broker online training and the subsequent 4 day certification in June at an event.  

A DealCredit currently costs $.99 on the basic plan, and $.80 on the Enterprise Plan of DealMachine.

the subsequent tax return with the 8824 on it would seem to be enough for the refund of the withholding. 

The subsequent item you reference is "self-employment income" for purposes of self employment tax under Sec. 1402. 401k has its own definitions and regulations, which are related to - but independent of - those referenced. 

Enterprising blood-sucking-leaches, er, I mean lawyers, will search the public records looking for people who own multiple properties, and then find a reason to sue them. 

A performance deed -- essentially a substitute for a deed in lieu of foreclosure -- causes problems with title insurance on a subsequent sale because the deed was not executed after default and good faith negotiation with the lender (the typical DIL scenario). 

If you didn't claim it in the year the property was placed in service, you can elect to claim it in a subsequent year, as long as the property meets the requirements for bonus depreciation in that year.

The cash flow generated from these ventures can be astutely utilized to facilitate the acquisition of subsequent homes, which can be subsequently inhabited and further leveraged through house hacking, thus initiating a cycle of continuous growth.Wishing you the best of luck in your own endeavors.Warm regards.

He could possibly put a low down on a “primary home” duplex however each subsequent duplex would require 25% down if done in the near term (assuming he sold his primary home which is the best path to accomplish his goals in my opinion).