Current expenses are $1300 per month (water, sewer/septic, taxes (property and 10 homes) and insurance (liability and homes).   

I know it is logical to think you could deduct half of the shared common space, but unfortunately the tax law wasn't written to allow that.  

If you have no deal with them: At closing you should receive all security deposits and make sure rents are sent to you and not the PM either by tenants or by automated withdraws from the PM. 

Some things to consider are: if minor maintenance is included, if they file the occupancy tax on the owners behalf, if they hire the cleaning service and if they "eat" the credit card fees or pass them onto the owner.

So, your mortgages will be secured by real estate and personally guaranteed by you personally.

Hello tax experts, I have specific question on filing taxes for Short term rental property (30 days or less).

I've talked to one lawyer who looked over the title and taxes documents and said it's clear, but I don't fully understand what that means.

"Just try NOT paying your property taxes, you'll find out real fast who really owns your property".

I would mention to them that you are looking to build a portfolio- a constant source of deals normally entices small banks.I would think is the safer route, rather than holding the property under your name where you have liability from a number of different angles.Likewise, if you are having trouble securing bank financing, you may want to look into a bridge loan, prove out the income for a year, and then circle back with a bank.

Should I still house hack to avoid the capital gains taxes?