Each State is different.Some states require you to track the passive losses at the state level.There may be a state equivalent of the form 8582 or there may be a completely different state form.Also be mindful that some states do not recognize bonus depreciation so there may be some federal / state differences for rental income.

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

For now I am closing my portion of the loop on this subject but recognizing this is a subject that's of interest to many I plan on releasing a number of $30 webinars over the summer where I will get more into the weeds on these topics.

Tell them you don't recognize the person in the unit.

Recognize in-n-out and Starbucks are near best case tenants.  

About two days later, my nationally-recognized bank credited my checking acct with the significant amount of money I had given to tlwb.

Hi Marco will the refinance be at the appraised value right away or does the property first need to be seasoned for the bank to recognize a higher value than the purchase price?

He recognized us and we talked for an hour.

Hi @Eric Lahoda, I’m glad to see property owners recognize this as an issue.

Plenty of attorneys in DFW area.You can also use a realtor to lease your property and they can use the TAR lease which is an excellent leases that most attorney's realtors and judges will recognize.