Although im not serious right now about buying property, it would be a good idea to examine the numbers and go through the properties?

One is from Chicago , another is from Tennessee , and the third is from Minnesota .All three go with a White House official to examine the fence.

I carefully examined it inside and out (of course I am not an inspector).

Legal conversation starts with examining the answer to why you believe you do not want to purchase the property with your relative as a tenants in common as individuals or in an LLC. 

I'm from the suburbs, but I see the value in these types of neighborhoods, especially when examining the cashflow and equity numbers.

Examine significant interest hikes in the past and property values and you will see a correlation.

I have heard property management companies are one of the best resources to examine the rental market.

I have heard property management companies are one of the best resources to examine the rental market.

The IRS takes you at your word for the basis, but if you are selected for examination you need to be able to back that number up with original calculations."

At the risk of being a tax practitioner on this thread correcting someone...you're actually supposed to report number of days the property was rented at fair market value on Schedule E.Software will examine the fair market rented (FMR) days and the relationship of the FMR days to the personal use days for treatment under Sec 280A (which involves personal use of rentals and properties rented less than 15 days).The tax treatment for a property available to rent 365 days during the tax year but rented 0 days is much different than a property rented at fair market rates for 365 days.