If you went down this route, do get council to help you craft some statement for both side to declare everything you discuss.Good luck!

Originally posted by @Steve Vaughan:I wouldn't do this forbearance thing lightly.I can see future 1003 Universal Loan Applications asking this in the VIII Declarations:Been declared bankrupt?

Rewind 6 years ago, I was divorced, declared bankruptcy (because of living the "american dream"), and had $75 to my name.

And you'd better actually do the rentals and collect and declare the money because heaven help you if you 1031 into something like that and then get popped for purchasing your primary residence while not declaring rental income and yet depreciating and expensing the residence.A very good creative accountant is a requirement on this one. 

The CARES Act declares COVID-19 is a disaster and all 50 states and territories are affected by this disaster.

This is just 10 years ago now. 1,000 Americans had died, when Obama finally declared a national emergency after a thousand deaths.

We had 2 major things happen to us in our first syndication that probably could have sunk us if we didn't have a mentor with a lot of muscle to back us up and help us get through it!

An inspection may declare it healthy, but I use that term to calculate forward expenses.

I left them all and have been working in the Cleveland markets for about 10 years, I recall buying one in Detroit about 11 years ago, total disaster, we just walked away, I am sure you can be successful there, however, you better have a SUPER team in place.All the best   A lot has changed in Detroit in 11 years. 11 years ago, the city hadn't even declared bankruptcy. 2013 was the burnt ashes and the phoenix is still rising.

On your 1040 tax form you will be required to declare the address of the property and you have to certify the number of personal use days which in your case will be 365/365 until the year you move out.My point may have seemed harsh to you, but what I meant is if this was a good idea, everyone would be doing it.