Hopefully someone can shed some light on this.

If anyone can shed some light on this that would be helpful.

As for Natalie, I thanked her genuinely 2-3 times for shedding her light on the subject despite her passive aggressive responses, when all I was doing was trying to gain knowledge on quite a tricky subject. 

However this home sits on 3 acres, has privacy and has a great fenced in backyard that encompasses the pool (and a pool shed that's getting redone as well).

I am hoping a BiggerPockets tax guru can help shed some light on things for me.My wife’s parents added her and her brother to the title of their primary residence in 2008 (because they were paying the mortgage for them).

But based on the number of days I would guess you'd be renting it out versus how many days you'd be using it, I would think you would be treating the home as a rental property.Here's a snippet of an article I found that might shed a little light on how to maximize the deductions on that type of property.

@Steven Crosby  as long as your actually closing and not assigning the contracts then I think your letter is fair.. if your just using it to enter into a contract with say a bogus pre qual from a HML who will give them to anyone for a small fee or for free then no I think its right back to the old bait and switch routine which is well let your moral compass guide you on what it is.if your closing then I like it.. when I did pre foreclosure work before they basically made it illegal or unprofitable out here on the west coast.. many of the letters I would see in peoples homes that they shared or when I bought them at court house steps people would leave the letters on the counter.if someone is in foreclosure at least in that time period they got no less than about 200 plus letters and post cards.. the ones that make you gag are the ones that come off.. " Mr. home owner I was just like you I too was in foreclosure so therefore I know what you going through.. blah blah blah.. " and when they see about 20 of those with the same message even the dullest tool in the shed can realize 99% of the direct mail are not people out to save the day for this poor unfortunate family.

Don't listen to the people hating on you for your post, this is a forum to share ideas and help others and you didn't an amazing job by creating this thread to help shed light on the ugly side of  REI.

@Andrew Johnson I agree with you and there is no dispute that property management is needed.But this conversation sheds a very informative light on the money issue faced with operating a PM company for low rent properties

Basically, the landlord still pays the water bill to the city, but gets reimbursed by the tenants.I wonder if someone could shed some light on this idea for me.