Don't interpret tough love for anything other than love.

"Special Allowance for Rental Real Estate Activities
Active participation. If you actively participated in a passive rental real estate activity, you may be able to deduct up to $25,000 of loss from the activity from...

@Kat He, I need to improve on both rent and price comps, i’m trying to get more familiar with cap rates and interpreting data.

Hi fellow bigpocketers, I have a question on, to me, a weird interpretation of what a garage contains from our condo association in NJ.

A very complex area subject to interpretation.  

If you want to defer all tax like you have to do two things - purchase at least as much as your net sale (contract minus closing costs) and you have to use all of your proceeds in the next purchase or purchases.As @David M. says (Mr Foster is my dad by the way David :). you can purchase less than you sell and you can take cash out but when you do that the IRS interprets that as taking profit first. 

Obviously, that leaves a lot open for interpretation, but that should really be their main objective.

If what you interpreted is correct, have your attorney contact Section 8. 

With that background, the interpretation of the conditional use is what often causes confusion.

I will tell you though that in general the interpretation of the inspection report, for the most part is up to you.