Eventually the PM could no longer reach the code enforcement person and everything just went to VM.

We have one right now we are in where the borrowers loan has matured and they as part of the restructuring want to convert the loan to a 30 year fixed loan at 1/2 the interest rate of the current loan.

So it should still be reported on your tax return, but limited by the passive activity loss limitations referred to above.Any rental property expenses and depreciation might not be deductible in the first year, but they carry forward to future years to offset future passive income (including the eventual sale/gain of that property).

My full-time gig is to invest in income-producing websites (digital real estate) and I'm working backwards to first increase the authority of my website to then eventually rank organically in Google.Given my experience building sites, I personally don't think SEO is as complicated as any agency makes it out to be.

I intend to relocate to the Rapid City, SD region in April/May for work, and I plan to acquire a primary residence that could eventually be transformed into an investment property.

@Brian Ellis you really have to ignore the doubters because eventually they will make you second guess yourself.

I would say it depends on the market.We had converted a 88 unit hotel into MTR for corporate housing in a market with a lot of job growth.

Convert the Property to a Primary Residence: If you live in the property for at least two of the five years before selling, you may qualify for the primary residence exclusion, which allows you to exclude up to $250,000 of capital gains ($500,000 for married couples) from taxation.4.

And while the deduction for depreciation is legit, you have to pay that back eventually - it's really a tax deferrment.I would be more interested in finding something that causes you to pay more taxes, because it is making you money.  

I started my MTR journey with a multifamily property as a LTR and slowly converted it one unit at a time and was really happy with that approach.