Avoid condotels like the plague.

DSCR is a great tool to use when you are self-employed or you want to avoid using personal or business income to qualify.

please suggest to avoid gain tax and avoid being labeled as dealer by IRS?

Kevin,I would avoid anything over 4 units for now because it opens up a lot of requirements when it comes to the underwriting approval.

Hi guys I have a tax question even though its not real estate related i'm sure someone knows the answers i'm looking for.

Quote from @April September: I don't drink coffee( never have ) and you suffer from mental illness ,called COGNITIVE DISSONANCE.My post was for the smart people who care about the truth.Enjoy your slavery and your stupidity and don't forget to pay your taxes, mortgage that you never had, " your" car registration and your prepaid utility bills.And of course, don't forget your vaccines. 

The purchase price, loan amount, your interest rate, whether you need mortgage insurance, your homeowner's insurance cost, property taxes, and your current monthly debt obligations all factor into your DTI.  

I believe we have approached 5 CPA's or tax preparers in Colorado.

I personally do a cost seg on every single property I buy (This is not tax or legal advice). 

@James Bakun, he will have to file a tax return.