Temporary Income Tax Regs defines investor activities as follows:(1) Studying and reviewing financial statements or reports on operations of the activity;(2) Preparing or compiling summaries or analyses of the finances or operations of the activity for the individual's own use; and(3) Monitoring the finances or operations of the activity in a non-managerial capacity. 

Strict rules are all well and good, but the best case scenario is to get all your money and have the tenant stay if they're good but have a temporary cashflow problem.

If it's a temporary thing, might let them stay but put a timeline for improvement on them.

The people I know who who have had to live in the temporary work rooming house environment is community living.

Lynn Henley, Just make sure they understand, walking away is temporary relief, but they still may be sought for the deficiency.

Lose - lose situation.Like I said, I would be careful, be present when he's in occupied rentals, have insurance, have temporary door lock codes that expire when he's done or change locks (good idea if you're giving any hired person access to your place), watch for behavior changes, search for recent convictions or drug issues, and so on.

Got my vote.HUD also has a temporary waiver of the "Three Year Rule" (Ownership), on the 223(f) program, must have owned property for at least 12 months.

If you define a failure as a mistake, an error, or even a lack of success (even if its temporary), then I think I can safely say that you, Mike, along with everyone else, has failed before, no matter what your mentor taught you.

From here we will be actually backfilling, getting the temporary power pole set up and running some conduit for later use as connecting the house and garage with underground power.

You are basing your panic, knee jerk reaction, on a temporary economic situation.