Nevertheless, the court also stated that it was not required to accept a postevent ballpark guestimate or the unverified, undocumented testimony of taxpayers.Note: The court also did not count any hours for seminars because it found the taxpayers did not present evidence to show how the seminars related to the residential rental activities

I have photographic evidence from the appraisal that was done that some items were not addressed, and getting them fixed is at least a starting point.Now, I just read the post that Oceanpointe's real estate license has been permanently revoked. 

The one thing that worries me that is evidence for a bubble inflating is the disparity between household income and home prices.

You have to apply exactly with the statute, and you should be prepared to produce evidence just like you were going to trial on the facts.

You never know when something you put in writing can be turned around on you by an astute lawyer and if this does make it to court, the less evidence her side has, the better; regardless of whether it's legit or not.  

But if you're following a buy-and-hold strategy, I haven't come across compelling evidence/literature that these indicators could project what will happen in 5-7 years, or even 10-12 years, which on a typical 30-year loan, is time when the amortization advantage (on tax break) starts to ease off and its time to sell.

That is the primary value of M2M leases, it is a proven screening tool.He is all the reason and all the supporting evidence one should need convince every landlord to use M2M.

My anecdotal observations seem to be in line with the evidence so I feel pretty strongly about it.

Take photos of the unauthorized occupants, pets, cars and other evidence of lease violations.

You absolutely need both.Another thing that is left out of these discussions is that if you don't have insurance, courts may view this as evidence that the LLC is undercapitalized and not being used properly.