The key is to accurately report your activities and hours.Burden of Proof: If you do get audited, the IRS will typically look for evidence that you indeed meet the material participation requirements.

However, it's also evident that they simply did not make the kind of returns they expected from rents.Callum Kerr I'm right there with you

Requesting photo evidence or names of vendors used also helps when verifying repairs are made to the correct quality.

It will be good to have as evidence if you are ever questioned about fair housing, you can show that you have credit reports and applicants you approved have better reports than the ones you rejected.

Gross Lease 1,300Seems like a solid deal, but there are a few draw backs.1) It is in a flood plain, although I didn't see any evidence of flooding..

Kiyosaki has never given any evidence that Rich Dad exists or that he had purchased any rental property before writing the book.

Account ClosedI evidently hit a "nerve" with what I saw as a light-hearted wink at finding the right people to work with on a project.. i.e.

The condition may include substantial violations of a property that show evidence of: a significant increase to the hazards of fire or accident; inadequate sanitary facilities; vermin infestation; or a condition of disrepair, dilapidation or structural defects such that the cost of rehabilitation and repair would exceed one-half of the agreed-upon purchase price of the property.”ESCROWS AND BONDS PROHIBITED: A municipality may not require the escrowing of funds or posting of a bond, or impose any similar financial security as a condition of issuing a certificate.

Title insurance is evidence and security for that clear title.

Portsmouth is a hot market and it was very evident at the time of purchase (9/17).