This explains why your taxable income was zeroed out on Form 1040, even if the standard deduction wasn’t utilized.

If we can not negotiate something this week.

Hey @Richard PastorFirst, lets address some incorrect information that is stated above.

I would check with lenders though to make sure you dont get stuck and your buyers cant get an owner occ loan because of this..

If you were going to sell or do a cash out refi then maybe. 

Is this being daisy-chained?

First get a job.Save enough for 3.5% down for FHA mortgage and buy a 2-4 family property.You can live in one unit and rent out the rest.

Is this deal worth it?

We added some instant value to this one, changing fixtures, adding accent walls, and altering kitchen cabinets.

My thought is is use the Rent Ready feature of reporting his payment history to the credit bureau so it can work in his favor as a trade line, but I'm wondering if this is an unnecessary added step since he can already pull transactions on his bank side.