Landlord advocates argue that this ordinance is blatantly illegal, as it violates state and federal law, and is likely unconstitutional.

A: I have said since the beginning of this that the best policy would be in exchange for federal support of banks and lenders, there should be mortgage forgiveness, and then tthe same for rent.

If it's state or federal tax debt you need to apply for a partial lien release.

So you want to take a non deductible expense and expense  it, to lower your taxable income (have your cake).....but not have it lower your income for credit qualification purposes (eat your cake too).....good luck. 

like Wells Fargo and USAA or like Navy Federal?

Doing some simple research, I found that I would have to pay the Applicable Federal Rates in interest to my mom or it would trigger a taxable event (which I want to avoid).

So far the two banks I've called (BOA, Navy Federal) won't let me take out a HELOC on my investment property.

When I started analyzing the market rents for apartments, I determined by working with housing authority we could receive 50 – 100% of the rents guaranteed by the Federal, State and Local Governments.

I am working on completing my first year of tax filings and am a bit stumped.I ended up with a net loss on the property however I am not able to take the loss on my federal return. 

A few years ago, I converted my LLC into a full Inc to take advantage of the Federal Tax Credits for R&D.