@Venecia BaezRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

(i) has not attained the age of 19 as of the close of the calendar year in which the taxable year of the taxpayer begins, or(ii) is a student who has not attained the age of 24 as of the close of such calendar year.Here, in black and white, the law specifies that the determination is made as of December 31st and applies to the entire year.

@Josue RamosRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

It’s simply a place to start your own research or to give to your attorney if you need to find out if it applies…https://amihousebuyers.com/selling/disclosure/#:~:text=Key%2....Do you have to disclose water damage when selling a house?

I am digesting what you said and figuring out how we can apply.

For additional context, here’s a snapshot of our financial situation:We’re paying the mortgage on our primary residence.We have one car with ongoing payments.I anticipate it could take up to three months to find a new job.I’ve already applied for unemployment benefits (in PA) and am waiting for approval.I’d greatly appreciate any advice or insights.

.- If it happens - would it apply retroactively to 2024?

It’s what I used to do for family and business partners—helping them set up projects to scale and run efficiently—and I’m excited to apply these skills to my own portfolio.Let me know if you’d like to connect further and chat about ideas or collaborations.

At the end of the day, your servicer is there to keep your loan compliant and to process and apply payments.

We just don’t realize those lessons learned apply to REI.