Vacancy is real, even if it takes 2-3 years to catch up to you.Cheers to your success!

It's understandable, considering the awkward IRS (and Congress) language.HELOC is no longer deductible as a personal (Sch A) itemized deduction, unless used for improving you own home.However, the tax reform did not change the old rules that allowed deducting interest used for acquisition of business assets (Sch C), including rental properties (Sch E), regardless of the source of the money.One catch though: the money must be traceable to the purchase.

@Mohammad Haidarasl FHA is a great and inexpensive way to get into your first rental, but does come with the catch of living there for a year.

To the left of each post is a photo of the user, their number of posts, and votes earned.

They will not notice as long as you're sending in your payments every month because those are still coming in under the borrower's own name.Where they catch it is when they receive a notice of hazard insurance name change or notice of taxes paid under an LLC instead of the loan borrower's name.Fannie Mae guidelines prevent originating with an LLC, but their due on sale guideline is only a recommendation and doesn't "prevent" the transfer.

I got a rental assistance tenant so the 2 weeks free was a moot point, but she said my house was the nicest she'd seen.I'm a photographer and took very good photos which brought in a lot of traffic.

Notice how prices fell and at the same time the inflation rose, and by about 1987 the two lines catch up with each other.

The catch?

It's a catch-22 for new investors who don't know what they should be paying for a job.

I also have a For Sale sign, flyers and Craigslist, all of which point to my website where I have video tours, photos, etc.