Doug, what you see here is the power of the middle-class belief that being in a highly selective profession with good earning potential is what gives you economic security and respectable social status.

https://twitter.com/makematt/status/1413894677049352198?

Taking advantage of non-payer status protections is not their game plan. 

If you are alluding to real estate professional status for your wife, then you would need "active participation" in a real estate endeavor. 

For the update on the current status of New Orleans and the uptick in cases.

@Patricia Steiner Thats a good point, and I would agree that having actual rent amounts, current status, and lease terms known is huge if its tenant occupied.

Hello BP,I would like to hear a second opinion here regarding Real Estate Professional Status (REPS).Background: I have a full time W2 job.

Improvements / capital improvements normally need to be capitalized and depreciated.There are some exceptions if it falls under the de minimis safe harbor election.Whether rental losses can offset other income such as W-2 will depend on your MAGI(modified adjusted gross income aka income) or whether you can claim real estate professional status.

Create columns for Name, Street Address, City, State, Zip and then contact info: Last Contact, Relationship, Status, Email & Phone.Now, make it a goal to call at least 5-10 of these people EVERY day and ask a MAX OF THREE off the list below of who they know that:Just inherited a homeHad a loved one pass awayIs behind on their mortgage or tax paymentsHas a relative that can’t take care of their house anymoreHas a house they’re having trouble sellingIs facing bankruptcyKnows a probate attorneyKnows a bankruptcy attorneyetcWhy only three of the list per contact?

I like the apartments to be in 1-2-3 order, so I need to look everywhere to see what the status is.