You should be able to offset all the passive losses against the passive gain.

There is now essentially no benefit to obtaining a second home loan over an investment property loan, except for the ability to do 10% down rather than 15% (minimum for investment properties).This info is all related to Conventional mortgage financing.

Hi all!

So, it really is all about personal liability then?  

Tenant shall keep the Premises free of all pests, including without limitation, rodents, fleas, bed bugs, ants, cockroaches, gnats, flies, and beetles.

I think all the cast-iron piping would need to be replaced. 

You might even start there by posting a notice and placing a bit of clear tape on all the entry doors at the top so you can see if they are entering or exiting. 

They will need to see all of the documents you've signed regarding the loan.

Also, keep an eye on the far northwest with all that's going on in New Carlisle. 

You want to make sure the seller is willing to get involve all the time they are asked by the bank to do so.