I have to be honest, we are still waiting on some clarification from IRS on that area, but you claiming this is just a co-ownership of the property might not bring your rental activity up the level of the "qualified Trade or business level" that is required for 20% deduction. 

My exit strategies would be refi into a commercial loan, perhaps release some properties from the note to refinance into 30yr, renegotiate with the seller for different terms or, what I really hope happens... have thousands of units in my portfolio and pay it off with ease!

I was burned by a company called "Duval Homes" that rented my property to a tenant who did not pay for 4 months and did damage in thousands of dollars, looking for another company.Thanks a lot!

I was burned by a company called Duval Homes that rented my property to a tenant who did not pay 4 months and did damage in thousands of dollars, looking for another company.Thanks!

Without a building permit you are going no where.You are also looking at 10s of thousands possibly to bring it up to code.

I have been patiently waiting for the weather to warm up so I can finish the last piece to my flip in the metro Detroit area.

I sent her copies of the refund/credit and basically explained to her what you all said, that we would split it based on the time they owned the home, still waiting for her to get back to me, i will keep you guys posted!

I just hope that they haven't got so used to "Licensed lying" that they start to think they are really saving thousands of dollars.

Otherwise you have to wait 6 month to cash out.

Otherwise you have to wait 6 month to cash out.