I'd go with whatever is listed on the county tax records when finalized.

Creative financing is really how I am able to find cash flowing STRs for my buyers right now.. the margin is really low with DSCRs right now especially with taxes and insurance in FL.

Although, I would like to have first access to foreclosure properties with HomePath's First Look Program, income/capital gain tax benefits from my PR, and more favorable loan terms. 

So, for those folks I need to look at their tax returns because that will show me income and expenses for a whole year. 

Sold to tenant before having to pay capital gains tax (extended occupancy test due to military move).

Your combined personal tax rate of 30% could apply to state and federal taxes depending on jurisdiction.

The IRS tends to scrutinize W-2 employees claiming REPS, and there is only one tax court case I know of where a W-2 employee qualified.

Again, the seller refused (although I'm not sure if this would've been resolved legally at settlement regardless). (3) The cell tower was additionally paying a portion of real estate taxes which we were unable to confirm how much they were responsible for and if they had held up their end in recent years. (4) Cell tower had the right to purchase the lot for $1 at anytime during the lease and the right for an additional 2,500 SF of ground space.In the end we backed out at the end of the due diligence period in order to recoup our earnest money.

The liability from the DSCR loans will still be calculated on your business tax returns.

@Jeremy Altdorfer  Just adding to the above, the rent should be on Sch E of their tax return.