Net earnings for Social Security are your gross earnings from your trade or business, minus all of your allowable business deductions and depreciation.In figuring your net earnings for Social Security, don’t include the following:Dividends from shares of stock and interest on bonds, unless you receive them as a dealer in stocks and securities.Interest from loans, unless your business is lending money.Rentals from real estate, unless you are a real estate dealer or regularly provide services mostly for the convenience of the occupant.Income received from a limited partnership.How To Report Your EarningsYou must complete the following federal tax forms by April 15 following any year in which you have net earnings of $400 or more:Form 1040 (U.S.

Hi @Andrew Martin, Unfortunately, most lenders, even the best that I use on a regular basis, have temporarily stopped lending on investment property refinances due to their current economic situation.

Just make a regular ish offer with an end time and let their process work.

Does anyone have any advice on the feasibility of not classifying the property as an investment property to depreciate or write off expenses such as furniture, dishes, insurance etc, & just collecting monthly rent on your property for a regularly classified home?

Ask them which lenders regularly attended their clubs and have the best reputation.

I am not a big money investor either, just a regular guy trying to expand my rental portfolio.My main question is, does anyone on BiggerPockets have experience with foreign investing in the US.

I would be analyzing the deal assuming regular maintenance, Capex, vacancy, etc.

My only advice for out of state is to find a kickass property manger who will also oversee your renovations (and does this regular for other investors) really that’s the golden ticket to getting out of state investing to work.

If your deals bring in regular ADDED INCOME to the budget, you are on the right track.

It'd be iffy if the home could qualify for a conventional mortgage considering all the rehab it needs, so I don't think a regular mortgage is in the question.