Work hard, take on additional work, live a conservative life style, change your habits and circle of friends, save money and concentrate on getting your credit up into the high 700s.To be successful you need to modify your life style.

The benefit would be you would know how much each unit would use, the inconvenience would be that you would have to monitor the flows and modify the S/W/T bills for your tenants accordingly.  

I didn't read this to ensure its accuracy but it certainly looks to be from a credible source. https://www.irs.gov/pub/irs-utl/33-Real%20Estate%2...Cliff Notes:Real Estate Professional Qualification • Material participation in each specific rental • Material participation in separate Real Property Trade or business • 50% rule • 750 hours rule • 5% ownership ruleReal Estate Trade or Business Defined IRC Sec. 469(c)(7)(C) Any Real Property: • Development or redevelopment; • Construction or reconstruction; • Acquisition and/or conversion; • Rental Activity that is not a Passive Activity; • Property management; • Brokerage activities.Example 1: Laura owns 5% or more of a real estate sales office • Works full time as a broker • She owns 3 rental properties and: • She finds the tenants; • Approves tenants and leases; • Approves and oversees repairs & improvements • Net rental losses are $31,000 and her modified AGI is $160,000 before the losses • Deduct the full $31,000 in the current tax yearExample 2: John acquires old homes and contracts 3rd parties to renovate and ready for resale.

PM me and I’ll send you a modified spreadsheet I made.

Unfortunately one cannot charge for emotional support dogs but I like @ Kim Meredith Hampton’s suggestion of requesting, that “thingy” to verify that it is legitimate.I thank you for this post, because, as a result, I am going to modify the #2 section of my lease which is the “RELIANCE ON RENTAL INFORMATION”, details of which are presented below.I love Bigger Pockets for the great information and ideas that come up even when one is not looking.Feel free to adapt and modify the reliance on rental information provided below.Now whether it will hold up in court, that is for an attorney to decide but at the very least it initiates that agreement between me (Agent) and tenants.Cheers!

In case it helps: I will be using modified gross leases.

To learn more about this, see the following: https://www.irs.gov/retirement-plans/2017-ira-deduction-limits-effect-of-modified-agi-on-deduction-if-you-are-covered-by-a-retirement-plan-at-work

Current lender isn't going to modify without some payment... and regardless this isn't happening in the next 7 days.

I wouldn't modify a dwelling unless it made sense, not at the request of a renter.I would not add it to the lease.

The bill reads "if the average modified gross income of the taxpayer for the taxable year and the 2 preceding taxable years exceeds..."