You report your total revenue from all sources and then deduct your cleaning expenses for income tax reporting.

We all know that generally passive activity losses can only be used to offset passive activity income, BUT, if if the project/investment is completely closed out and final K-1 generated with a loss, in that case can that loss be used to offset regular W-2 income ? 

Hi investor I have 10 fully leased section 8 tenants oh and btw here is my income statements and all the income from my section 8 properties showing the state of where ever you live depositing into my account, which on do you think you will be better off when time comes to sell??? 

I haven’t had any rental income from it since 2021.

My wife and I look at a few different things: - Location - City growth (are people moving there, is a big company settling there)- Costs of the property vs. the rental income - Appreciation vs. cash flow (which is sometimes dependent on the city)I'm curious to hear what others have to say!

We still like the old fashion long-term rentals for the consistency and reliability of income.

If you can go 'Full Doc" another words use income to qualify plus rents it would be worth it to take a look at other options.I would be interested in knowing what program you are using and the property type.  

It depends on your cost per acre however in my area you get very little return on the income from the farming lease as the cost per acre is so high relative to what the going rate for a farming lease is.

As an example in a different real estate “product”, we owned a 70 unit motel that we had converted to mostly low income housing.  

Current annual income is $101k-Annual rent increases of 3% are realistic making annual income after 10 years $136k-If interest rates lower a refinance would lower annual mortgage expense-an added bonus over time would be appreciation (which will likely not happen within the next few years)Thank you for any input!