Consequently, the lender cancels $75,000 of the landlord's debt.In light of this situation, the IRS Chief Counsel provides guidance indicating that the foreclosure constitutes a taxable disposition of a significant portion of the landlord's interest in the property.

He is month to month and we could easily provide him a 30 day notice.

I think the BiggerPockets calculator is easy to use and convenient.

@Alex Hunt thanks a lot for the info provided.

Transitioning from single-family residences to multifamily properties, particularly those with 2-4 units, is likely to result in a better cash-on-cash return, provided they are acquired at the right price.

I have done deals with my parents where they have provided the funding and I have just paid back the loan.

Also if it is a 30/360 for 365 day amortization that can provide different payments. 

Hi,I have a rental property in Providence, looking to renovate the kitchen cabinets.Any recommendations for good price kitchen cabinets?

.- you or your spouse can qualify as RE professional and the limits the OP discussed do not apply- you can use the “STR loophole” (terrible name) to not have the limits the OP Discussed apply  - a derivative of the STR loophole that for lack of better name I will call the MTR loophole will let you provide amenities to not have the limit the OP discussed apply.I suspect there are many more.  

Granite offers natural beauty with unique veining and patterns, while quartz provides a wider range of color options and is non-porous, making it resistant to stains and bacteria.