I actually don't know if there is any reported case law on this, but it would be stupid for a court to hold that the landlord is in breach in such a situation. 

So you should always check with the sponsor or platform to find out for sure.For example, on Arixa Capital (a debt fund I'm invested in), it's reported as interest income.

I would check out Crime Reports dotcom for more granular data.

Yes, you deduct all the expenses related to rentals on your personal return under Schedule E ( not schedule C as mentioned by @Brian M Sweeney  Schedule C is for Trade or business, not rentals)Yes, you can register DBA or create an LLC to run a rental, but you would still report that under Schedule E.

View report*This link comes directly from our calculators, based on information input by the member who posted.They have re-listed the property on the MLS $149k I think the agent sold them a dream.

View report*This link comes directly from our calculators, based on information input by the member who posted.

They they hit the news, then newspapers pick those scenarios up, I've read many reports of work for equity not working.But the devil is in the details.   

@Michael TungHi Michael,Yes in theory a foreigner can do a 1031 exchange for US purposes, but the issue arises in the country of residence.If you are a tax resident of Canada for example while you can perform a 1031 exchange In the US it does not make sense as you would still need to report the gain on your Canadian tax return.

It was rumored awhile and a local paper just reported it is a done deal.

On this particular report I did factor that in, though I'm sure it's not the exact number.