I'm hoping it would be considered an expense on Schedule E, therefore creating a large loss against ordinary income (I believe he qualifies for "real estate professional" status).

Additional ideas might come to light if we know the current ownership status and debt obligations of all parties.

You cannot maintain conforming status by even vesting in a business.

I think you might be referring to a status of first time homebuyer.

Create columns for Name, Street Address, City, State, Zip and then contact info: Last Contact, Relationship, Status, Email & Phone.IMPORTANT: do NOT ask people for THEIR business, ask for referrals!

But it is in "not working" status, since I don't have a broker yet.

As far as the status of the particular one you are interested in send me a message as I might be able to point you to the eventual listing agent of a contact for the asset manager

Long-term capital gain rates for the 2022 tax year are the following:From NerdwalletSay you have a Single tax filing status, no other income (ignoring the interest you'd receive from the loan) and we'll ignore the standard deduction. 

Depending on your lease agreement or tenancy status, you must provide 30-60 days notice. 

Associated with this he answers all questions.  3) he has offered to act as escrow to go under contract on Sunday 4) he has used his contacts to get us preliminary title checks before auctions 5) he has provided us access to skip trace tool that also indicates status of any debts 6) he has provided us access to a comps tool.