Of course, if you did refi, then yes it could take effect immediately - but you're paying hefty refi costs which make it a moot point to do that. 

So you have to deduct it from their rent and then threaten to evict them, which I also don't like decause when you start using that hammer a lot it looses its effectiveness too..  

I just think they're not as effective as 1031 for tax deferral. 

@Mary JayMary...I think you're focusing way too much on removing the rental activity from your 1040.If you're okay paying a higher effective tax rate on the rentals and materially higher professional fees each year, this is certainly achievable. 

Hey Jayson, Becoming an agent will have no effect on this, just purchase it with a formal sales agreement between you and your mom.

It is gross and does not smell great in there but I could NOT identify the same smell.This smell has been noticeable for just over 2 months.Running an ozone generator continuously inside the wall cavity effectively manages the smell, to the point of having us believe it is gone.

I don't allow cats though because of their remaining effect. 

I'm not sure how this will effect the credit and/or background check?

Any suggestions on the most effective way to find a lender or investor who will trust someone with my experience level? 

The most effective strategy of wholesaling these days is boiler room sales tactics on newbie investors who saw a 30 minute HGTV program and have decided to become a house flipper.