Guys with problems end up gambling everything away because they've lost too much to walk away now.

Each lender will differ slightly and it’s important to understand each lenders underwriting guidelines to make the most informed decision on where to park the stabilized property.

Alternatively, if you gift the rent outright, you can't deduct expenses.Home Modifications: Yes, you can likely deduct expenses for modifications like adding a ramp, as long as the home is considered a rental property and the improvements meet IRS guidelines for being necessary improvements.

We looked at one through Wells Fargo a few years back, not sure if other banks have the same guidelines.

We’re being funny because there's still a bit of nuance here.There are strict guidelines and it's sometimes a blurry line between being an RE pro vs not.

@Daria B.Your attorney can tel you what it will cost.Most attorneys follow Fannie Mae guidelines for foreclosure costs.

Ensure it's properly tested and abated if necessary.Ignoring CMHA Guidelines: Pay attention to local requirements.

The towns that do have ADU guidelines could completely change their rules.

Holding onto a property merely for tax considerations is a dangerous gamble.But if you want to gamble - yes, selling in a year without a W2 job usually saves on taxes.

I know that sounds crazy, and you and I would never think to do it, but people do.At the end of the day, inheriting tenants is a gamble and risk you need to factor in.