However, this is a difficult qualification to meet, especially if you have a full-time job outside of real estate.Don’t worry if you aren’t able to qualify for REPS status, because there is another strategy that is referred to as a “loophole”, which is the STR strategy.Per Section 1.469-1T(e)(3)(ii)(A): there are six exceptions where your rental property income is not automatically considered to be “rental activity” and thus may unlock the door for being able to offset these losses against your active income.The average customer use is seven days or less.The average customer use is 30 days or less and significant personal services were provided (for example, daily housekeeping).Extraordinary personal services are provided, regardless of the duration of customer use.The rental is incidental to a non-rental activity.The property is available during defined business hours for non-exclusive use by various customers.The property is used in an activity conducted by an S Corporation, partnership or joint venture in which the taxpayer holds an interest.If your property qualifies by meeting one of the exceptions above, the next step is to demonstrate material participation in the rental activity.

But again, I’m not trying to get all into my case, I’m focused more on factual OCGA law and or other known criminal charges and references to them I can research along with more info from an experienced lender, attorney, judge etc who might know what I can later go after the prior lender as well for.

I agree, I would not base selection on price alone and I would definitely check references.

@Rashim Sharma your biggest challenge will actually be finding a lender.There are two banks that have offices in USA and Detroit that often will lend to Canadians buying in the USA.Can refer you to a Tax Attorney here is the US that has hundreds of Canadian clients with US properties:)

For AZ Landlord-Tenant issues, I refer to Zona Law Group (480) 949-1400. 

By using our agent and PMC as a resource we delivered a product that stands at the top of the market in the area, thus helping us secure our target rents and attract the best tenants for that area.2) Leveraging the Comps -> Using the comps report our agent sent us as a reference for the appraisal.

Here's the link to the IRS topic that John was referring to.

Deborah if the property is un-inhabitable the lease agreement likely terminates, but refer to the lease.

He might go behind your back. and never do business with a stranger without references.

And there is a place on their profile for references.