The sale will be in Hungarian forint.

That is occupancy fraud and that lender should be reported. 

Quote from @Jamie O'Connell: Yes, attorneys can be expensive and time-consuming.

Seller had noted that 3 units where rented until 8/31/2025, and with the 4th unit being open I though it was the perfect opportunity.

Hey @George TurnerMy opinion may be biased, but I don’t see a reason not to go with your realtor’s rec if you trust them.

If not, even though you are a re pro, losses are passive & deductions are limited.There are 7 scenarios that will qualify as material, and you only need to meet one:*500 hours*Substantially all participation*> 100 hrs and at least 1/2*Significant participation*5/10 years*Personal service activity w participation in last 3 years*Continuous participationTo materially participate, you must be involved in the operations of the activity on a regular, continuous, and substantial basis.Once you pass the pro test, the material participation often comes along for the ride.You can elect to aggregate all rental real estate for purposes of measuring material participation under Sec. 1.469-9(g).Your time spent on all your rental properties (STRs don't qualify) counts as one activity, making it easier to materially participate.In order to make a strong case with your CPA and the IRS you need to document your hours.Best practice is an hours log where you are as specific as possible.

I've been hearing advertisements frequently on podcasts, but I feel a bit confused and would appreciate any assistance you can provide. 

I have yet to be turned down for a credit card.  

Friend of a friend with a portfolio of 30+ homes was contacted by them to basically sell his portfolio to them in exchange for shares. that would be a HUGE non starter for me..

For now I simply wanted to share some data as we head into what could be a very active second half of 2024.This is a great time to buy an oceanfront condo.