Are you talking about an umbrella liability policy or a "commercial" policy that will cover multiple properties on one policy for loss and liability?

A deficancy must be sought within one year opposed to five.A deficiency can only be sought after the foreclosure process has completed so a loss can be computed.Among other things, the bill helps speed up the court process.

Can I claim that as loss for tax purposes?

.- My expenses from my rentals, including depreciaiton, have me showing a net loss, but not enough that I have reached the passive activiy loss limit.- My wife's side business has a net profit.The idea would be that since we take the standard deduction, it would be nice to find a way to create an additional deduction on our W2 income by redirecting our contributions through one or both of our businesses to either increase my losses on the rentals up to the passive activity loss limit or reduce her profits on her side business.Obviously this won't help us on our 2013 taxes since I'm just now thinking of this but I'm just wondering if there is any validity to the idea going forward.Thanks!

As well as this way we don't require collateral, a detailed business plan, strong business experience, asset strength, tax returns, or profit and loss statements to obtain capital.

If money is received in excess it can be applied to the borrower's account in favor of your loss.  

I always say that the sale of the property could generate a capital gain or loss that might need be reported on their tax return.  

Buyer must report the entire transaction in the year of sale if it was for loss. 

It's 3.5% now and not 3%. 3 was back in the old days.There is ongoing mortgage insurance for FHA that you cannot get rid of and it's VERY expensive.FHA took a bath over the last 5 years with defaulting loans and had big losses they had to cover.

Homes in the $60k range should rent for $700-$825 depending on who your doing business with but you also Ned to make sure there is no loss on a quality fresh renovation.