The second piece is whether or not you pass the Material Participation Tests found in IRC 469 and the third piece is whether your participation rises to the level of Substantial Services (think hotel, B&B).4) My CPA Says I can't deduct a loss that was generated! 

Tenants told me seller had tried to sell to investors before but after meth test came back positive they were going to drop the price significantly. 

You have 3 tests to meet in 2024, all 3 of them.1.

Hey everyone,So I applied to test for a GC license in California, but was short on experience.

That's a great situation that you're in with your employer sending you out to test these markets over the next 18 months.I am from Pittsburgh and happy to answer any questions you have about the market here.

The city stated they will send someone out to test the meter and yes, I charge the tenants a 5% late fee for late payments. 

"One or more of the sink drain lines had leaks under them when tested.

And there is no way that you can run your business with $600 rents, but that is not their concern.The only way to know for certain if you can achieve those rents is if you put one on the market and test it.Gino

And even though virtually every sponsor agreement allows me to share investment information with others who might be advising me on it (especially when club members are bound by an NDA), I still ask the sponsor if I can share it, because it's a test.

It's like the marshmallow test for adults.