Investment income is defined as income from interest, dividends, annuities, royalties and rents, and net gain from disposition of property, other than such income derived in the ordinary course of a trade or business (however, income from passive activities and from a trade or business of trading in financial instruments or commodities is included in the definition of net investment income).This provision applies to tax years beginning after Dec. 31, 2012."

Assuming your numbers are correct, and assuming there are no out-of-the-ordinary circumstances (like exorbitant property taxes), it sounds like a fantastic deal...

There are so many limitations on offsetting ordinary income with passive losses that its useless to me.

., you have a passive loss), you just might be able to deduct it against your ordinary income.

Assuming this is an ordinary residential loan, this is loan fraud, pure and simple.

Nothing out of the ordinary I thought, and I went to my lender to start getting everything in order.That's when it started getting weird.

., Your profits on the flip will be taxed as ordinary income plus subject to 15.3% in SE Tax ( Both employee and Employer halves of Social Security and Medicare).

The landlord shall give the notice either personally or by ordinary mail addressed to the tenant's last-known address and shall state the daily charges for storage.

I can't imagine any cram-down of rents for any ordinary rental, maybe in a luxury unit in unusual circumstances. :)

But you are strictly referring to ordinary income.