The specific location had demonstrated that on average, the rents move up around 5% per year for the last 30 years.Property B is in a city that never really appreciates but has stable rents over the last 30 years.Property C is a Mobile Home.

Now the rate lock expires in 6 days and I'm scrambling to demonstrate the home's value.  

We’ve made only a few exceptions, but they have to demonstrate very valid reasons.Regarding the tenancy concern, most jurisdictions that I’ve looked into have a cutoff of 30 days.

Keep a clear record of your schedule and activities to demonstrate the business nature of the trip.Reasonable Research Trip:The reasonableness of a research trip is subjective and depends on the facts and circumstances.

This will help demonstrate the amount of the loss you are writing off.Interest Rate Changes: If you're modifying the interest rate, specify the original rate and the new rate.Loan Term Changes: If the loan term is extended, provide the details of the extension.Acknowledgment of Default: Include a section where the borrower acknowledges the default and the past-due amounts.Professional Advice: It's a good practice to seek legal or financial advice when structuring the loan modification to ensure it complies with any applicable laws and regulations.Keep Records: Retain copies of all correspondence, emails, and documents related to the loan modification.IRS Reporting: Report the loss on your tax return.

@Mashawn Robertson Congratulations on your wholesale success and welcome to the BP community.You have demonstrated that you have what it takes to get things done and used some tools in your REI toolbox to gain financial reward.

----------------------------Disclaimer: I choose random properties that were sold in the last year or two to demonstrate the issue with LA county "fair" improvements (structure) values.

However, meeting the IRS requirements for real estate professional status involves demonstrating that real estate is your primary business activity, and you spend more time in real estate activities than in any other trade or business during the year.

This could include documentation such as calendars, logs, emails, or any records that demonstrate your active involvement in the business.

If you intend to invest your HSA funds, it's advisable to do so within the HSA account, as this ensures that the growth and any earnings on those investments remain tax-free when used for qualified medical expenses.If you have already transferred money from your HSA to your bank account and want to demonstrate to the IRS that the funds will be invested, it's crucial to keep detailed records of your transactions and investments.