Also, the description of this instance lacks sufficient facts to establish "negligence" on the part of the owner, or even culpability on the part of the renter (the daughter). 

Also, on Schedule B form 8995-A the IRS asks to "Provide a description of the aggregated trade or business and an explanation of the factors met that allow the aggregation in accordance with Regulations section 1.199A-4."

The advantage of a HUD, has the highest LTV in the market, the rate is in the mid to high 3's, , the rate and term is fixed for 35 years, it is non recourse, assumable, no defined financial capacity requirements, no geographic restriction, and no minimum population requirements.  

From your description, it seems that the area might not be ideal for Airbnb or MTR, considering it's a lower-end neighborhood.

For other rental real estate enterprises, 250 or more hours of rental services are performed in at least three of the past five years.The taxpayer maintains contemporaneous records, including time reports, logs, or similar documents, regarding the following: hours of all services performed; description of all services performed; dates on which such services were performed; and who performed the services.The taxpayer or RPE attaches a statement to the return filed for the tax year(s) the safe harbor is relied upon.I keep being told to talk to a professional yet no one seems to be able to answer my questions.

In the description it said that if I missed it I could still watch a recording later on.

Hey Riley,Our rental listings simply include apartment info (address, photos, property description), etc. 

Many CPAs are set up to help you virtually, so be sure to focus on knowledge base rather than geographic location in order to find the one that is right for you.Best of luck!

You're right @John Underwood if it said grill in the description he should have a grill.

But I do not believe that it is mandatory anywhere in the state/by any conventional residential lender.)When I was looking to buy in Memphis, I was aware of the New Madrid Fault, tornadoes, and crime rates (and shrinking population) - but considered the probabilities, price/value in what I also (still) see as an underappreciated (if only for its geographic location) market, and size of my overall portfolio exposure, and went for it.