Hey @Christopher Eduardo, Please talk with a tax lawyer to make your final decision, but in general: In a Chapter 13 bankruptcy, a debtor creates a repayment plan to gradually pay off their debts over a specified period, usually three to five years.

And tax reform in those days just hammered them and then N.

I've been a licensed CPA in IA for the past 5 years and started my own tax and accounting company as well in 2017.

Something to consider is to "donate" a portion of the rent they can't cover if you need a tax write off.

Unexpected thing is actually coming from property tax rather than the performance of the STR itself, we still get 99.99999% fully booked.

@Tyler Sherman review Form 8582 in your tax return.  

.- Document everything (receipts for taxes, all the work that you did yourself via photos and video, and your expenses in an excel sheet to make sure you're on track.

You are definitely creating a lot more tax liability than if they were to leave it to you at their passing.

(BTW, I have excellent creditworthiness). 2) Tax confusion: The interest expense might be tax deductible.

I ask because I am up here in Pinellas by the Gulf Beaches and our 2-4 Units run between $300K to $650K.Miami 2-4 Units run between $850K to $1.8Million and the Taxes and Insurance premiums are higher.