I’m sure his office can give you status.

A little information is below.Location: 8 Faulkner Avenue, Wilmington MA 01887Days on Market as of 4/27 (47days)Current Status of Single Family homes for sale in Willmington MA - Currently this house is the cheapest (move in ready) house on the market at $419k.

In other words, what qualifications are present to qualify for this tax-exempt status? 

Make sure if you are claiming real estate professional status that the hours that your wife works on real estate is well documented.

Below are some details about the property and my situation.property purchase price: $35,600Renovation Loan: $13,500HML loan: $41,980ARV: $70,000Renovation Status: CompletedPurchased date: Jan 16 2020Rented date: May 1st 2020Credit Score: 711

Health is the most important factor in anyone's life; whether it is your own health or that of a loved one. 

As an out of state investor I am dependent on my property manager to update me on status of property.

Its been awhile since I even thought about getting back into anything to do with real estate due to family health issues and now Covid.

@Benjamin BransonI will add in contract that prior to closing, current owner have in basic writing that stating name, dob, and ss number of each tenant, amount of security deposit and rent amount and in month to month status signed and notorized by tenant before closing.

Lessons learned are very lengthy, but here's the short list: Always check flood zones, work with a contractor that is used to working with the city and pulling permits, work with a contractor that is used to working with residential properties versus commercial, schedule regular meetings with your contractor to check on status and hold accountable, be sure to consider permitting time when calculating holding costs, and lastly, be sure to have reserves in case of natural disasters (i.e COVID)