Saying that, it may take 1-2 tax cycles for the county to adjust from the owner occ status to non and a cycle in Indiana is 1 year.

I came on mid-January with a special status in the US to invest in real estate, and I wanted to flip properties, but the thing was, that my project went over the budget, and it becomes a rental instead; then I wanted to apply the BRRR strategy and I thought my actual real estate portfolio could serve as a collateral to get money, but that was not possible unless I had credit score (which is build after 6 months after getting the SSN, and have a credit history, which for me wil take another 6 months), so now I have less than 65k to invest but in the market I am now (Dallas) is not enough to acquire something that can allow me getting a profit....well at least in the areas I am looking for...someone could give me a light on?

You also get to depreciate 3% of that 4MM a year... so that’s the first $120,000 in taxable earnings that you make tax free, beyond all the other write offs... cars, insurance, health insurance, phones, internet, business meals... oh... and actual property expenses too!

However if they are using it to claim Guru status and they are lying, well then there may be an issue.  

To read more head online to 1031.org or 1031taxreform.com/FEABest of health to all!

You'll need to set up an account but the ability to check a borrower's BK status and filings is critical to evaluating and managing notes.

(Personal service includes the fields of health, law, engineering, architecture, accounting, actuarial science, performing arts, consulting, or any other trade or business in which capital is not a material income-producing factor.)7.

You combine this with large IRA and HSA  and health care premiums and my tax payment is a fraction of what it once was.This is great for tax but now we are ready to buy a new home and even though we have strong cash flow, excellent reserves/credit - tax returns are not showing the profit. 

Details are, makes $71k a year working for the state mental health/prison system.

As long as its meet 51% of residential use and commercial use will not affect the the health and safety of the occupants of residential property you should be fine.