Obviously, I would never expect anyone in bank management to admit this....and I plan on finding the 'who' in this process who has authority to rethink the logic.It's less logic and more ego/emotion.

I would appreciate confirmations that this is how it should go for 2008 tax purposes.If I have no luck finding tenants in late 2009 (hope that isn't the case), I wonder if I could rent the home to relatives at a fair market rent (same as I would charge any tenants) and still do my taxes as I would with any tenants?

How can this manufactured crisis be endlessly debated by the people that were in charge without a single person losing their liberty or their life for these egregious actions against the entire country?

http://www.armandomontelongo.com/news/?p=104#respond

[POST REMOVED BY ADMIN]

I would charge him about $950 for rent with a small cash flow in my pocket.

I asked him how much he charges and he told me what ever is fair, I'm suppose to pick it.

Buyers may sue a seller who violates this provision for an amount equal to three times all charges made for the title insurance.

However, when the unit is vacant, and there is no water usage attributed to the rental unit, then you can only take half of the "base" charge as a rental expense.

Learn the math and invest based on the numbers, not emotion.

Mississauga has a Brokerage that charges a very low administration yearly fee of about 150.00 and thats it.