You must report rental income on Schedule E and can deduct rental expenses like repairs, maintenance, property taxes, mortgage interest (allocated between personal and rental use), and depreciation for the rented portion.

When structuring a deal, what might work for one person, may not work for the other.

Instead, these funds were allegedly diverted to finance other real estate transactions and for personal use by Wettengel and co-defendant Tanya Muro.

With all of that being said, I am excited to continue to learn and hopefully get to know many of you on a personal level as we learn and grow together!

No Personal Use: You or family members cannot live in or personally use the property.2.

None of this has anything to do with your personal tax return.

My recommendation would be to engage an investment property focused realtor (not a general residential realtor) and let that person guide you through the process from pre-qualification to market/property valuation and selection. 

I personally own properties in these areas, and they’ve been performing well in terms of cash flow! 

i would never tell a random person on the internet where they should live. 

My personal preference for a buy and hold would be an already established area (or an area that's still gentrifying, but has already seen significant progress).