You can you passive losses to neutralize/eliminate passive income.

Can anyone recommend a great accountant they've worked with who also has experience with US Expats living abroad filing their taxes back in the US?  

Ask to see the sellers Schedule C to see that the income reported matches the payment history.

They accounted for 15% of sales, up slightly from 17% a year ago.Regional BreakdownHere’s a closer look at how home sales fared across the country in March, according to NAR’s report:Northeast: Existing-home sales rose 4.2%, reaching an annual rate of 500,000.

It is no income no doc from the borrower .

Here are the sample journal entries for the accounts you mentioned:1.

Overall the positives outweigh the negatives in my experience and what you lose in nightly rate you make up in occupancy/overall income and ease of management. 

Goosehead charges their agents 50% of commission to service accounts on their behalf.  

I am hoping to use a local credit union to get a better rate + pament terms.for capex/vacancy etc. what %tage of my monthly rent should I take into account?

He doesn't have any signifcant savings (~10k), and his only income is social security and a small pension which comes out to a total of ~3k a month.