Also, are there more requirements that you have for a deal like this?

So if you made $100 (on line 1) but used $100 in advertising (line 8) your taxable income (line 31) would be $0.

Thankfully they didn't even come close to the credit requirements and we found more qualified applicants.

I also didn't realize how many different skills were required, from financing to managing contractors to permits to city inspections to managing tenants or property managers.

And just checking, is the EMD requirement for foreclosure auctions 5% of the total reserve price?

While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.

It's a struggle starting out and I don't think it's talked about enough in more of a blunt way, in blog posts or any article on the web, everyone seems to softly speak about the introduction part that requires money.

I am seeing conflicting opinions from accountants and other tax professionals online as to whether this less than 7 day rule should be on schedule c or e, and which flow chart items come first in the analysis or second.

NO expense, coach, ad expense or what-not required. 

You absolutely should block Zelle for someone who is being evicted and require they provide certified payments in full.