If you have a net rental income then you pay tax on that amount, but if you have a net rental loss then you get to use $25K of that loss if income is less than $150K and the unused passive loss gets deferred to future periods.

My lowest monthly appreciation in terms of dollars is $2600/month over the hold period.  

You can track mileage.It creates a great P&L and makes it easy to transfer expenses and income to Turbotax.Available as an app, too and new functions added periodically.

He has a 5 day grace period before he is charged late fee.

(Heres a stat...that we all love more).I had a moment of weakness period in which I sold both his book(investing) and SABOR prep for real estate exam from trec(Agency).The numbers were too long but at the bestseller bookstore.

My own belief on RE is that we are in a more challenging period than 2012 to 2021 largely due to rate hikes.  

In most of the 35 or so deals i've been in, i've had little to no taxable distributions until year 7-8 on our typical 10-year hold period, so a 10% cash on cash return is an effective 13.33% for example when you compare to other taxable returns if at 25% bracket,        The syndication next can roll the sale proceeds into another larger investment, like-kind, 1031 exchange and not have to pay any long-term capital gains taxes, about 20-23.8% nor any depreciation recapture tax about 25%.

However, we are unable to wait the seasoning period for now and therefore prefer to sell.

If you can find a quality agent in Columbus who is familiar with the trials of out-of-state investing, you can really find some awesome deals out there.

Another way around sourcing funds is a seasoning period.