Did you qualify for an FHA loan or did you need a 203k?

DSCR lenders qualify borrowers based on the property’s income rather than personal income (like W-2s or tax returns).

How many tenants NEVER work on fixing their credit, so they can:1) More easily qualify for better rental homes?

Do you qualify for real estate professional status?

If you are still interested in this property, I would get a qualified, experienced contractor to look at the damage and provide you with a detailed, written repair estimate.

My definition of market rent is the price where I can READILY (without delay) find and KEEP a GOOD QUALIFIED tenant.

You just have to be able to (obviously) qualify for both properties and you want to do both with the same lender closing on the same day. 

In my market, it requires a lot of inquiries to get a qualified tenant.

International tax law is complex and requires years of experience to fully understand, so be sure to consult with a qualified professional in this area to ensure everything is handled correctly and any potential tax liabilities are addressed.Hope this helps, and best of luck with the transfer! 

Read this:https://www.biggerpockets.com/forums/51/topics/1122635-the-s...Cost segregation for your LTRs/MTRs may only be beneficial if you have a spouse who can qualify for the Real Estate Professional status, and then for one year only.And you're right: business is more important than taxes.