Closing with a backend buyer at $425,000, the deal yielded substantial profits.

Closing with a backend buyer at $425,000, the deal yielded substantial profits.

Closing with a backend buyer at $425,000, the deal yielded substantial profits.

After a brief search, the IRS says-For tax years 2018 through 2025, if home equity loans or lines of credit secured by your main home or second home are used to buy, build, or substantially improve the residence, interest you pay on the borrowed funds is classified as home acquisition debt and may be deductible, subject to certain dollar limitations.

I won’t use those losses to offset any other income except those K-1 losses.If he is wrong and I need to file to preserve those losses when I carry them forward do you have any documentation to substantiate that?

In terms of cash reserves outside of that we don't have anything substantial saved (our savings went to the earnest money) so our priority is to pay down the HELOC and increase income.

More questions for those in the know:If I have $100,000 available to overfund such a policy immediately, and want that to substantially be the total of what I put into the policy, what sort of policy size am I looking at?  

Of course with great losses, the debt side of the ledger greatly increases and substantially decreases the income side. 

I’ve been an active investor for 25 years and my real estate income still would only cover a 1/3rd of my very substantial monthly expenses.

A landlord does not need to provide a reasonable accommodation for an emotional support animal when:The property is an owner-occupied building with four or fewer unitsThe property is a single-family home sold or rented by the owner without the use of an agentThe emotional support animal poses a risk to the health or safety of other people, or a risk of substantial damage to property (but this risk must be specific to the animal and cannot be based solely on assumptions about the animal’s breed)"Definitely have a chat with a local attorney to ensure your local laws apply, nonetheless since its an owner occupant, it sounds like you have some recourse to deny this request.