Does your lease agreement include verbiage that holds them accountable for issues like that? 

Creative investment strategies to achieve high-yield cash flow include short-term, medium-term, rent-by-the-room, nursing/retirement homes, etc.

Making a cash offer for a property sight unseen can be risky, Gather as much information as possible about the property, including its condition, age, size, layout, and any known issues.

p=876Whenever I see a message that includes Medium Term Notes or MTNs .. a very large red flag flies.

Who will address tenant nonpayment issues, including evictions?

For the purposes of calculating the limited interest deduction, the total mortgage debt owed would include both the individual mortgage on Unit A and the owner's share of the underlying mortgage.So, the total mortgage debt owed would be $800,000 (individual mortgage) + $200,000 (owner's share of underlying mortgage) = $1,000,000.Therefore, the owner would be limited to deducting mortgage interest based on this total mortgage debt of $1,000,000, not just the individual mortgage.Thus, the deduction for mortgage interest would be calculated as:($750,000 / $1,000,000) * $40,000 = $30,000Therefore, in this scenario, the owner would be able to deduct $30,000 of mortgage interest for federal income tax purposes.

If there's limited interest or little activity, it may indicate that you need to reduce the price.

you should get a RMLO or an underwriter to qualify the borrower. if its owner occupied and in florida you also will need to use a third party servicing company to service the loan which will run you around $450/yr. not an accountant but its my understnding unfortunately the interest income is going to be taxed at ordinary income and the principal will reduce the principal. how you offset the losses talk to your CPA.your best bet honestly is to just sell it and bite the bullet. 

Just pulling something from the internet (don't trust everything you see so take this with a grain of salt I'm not a lawyer): "If the building in question isn't officially designated as an SRO or hotel, it is illegal for landlords to rent individual rooms to tenants for a number of reasons, including that it could allow landlords to evade the maximum rent permitted by the Rent Stabilization Law and Code."

To comply, we asked the husband to complete the rental application and submit the required documents, including ID, SSN, and bank statements.