My B class is still in city but more like a townhouse between 2 family and single family homes very quiet and safe neighborhood.Recently I was investigating potential purchase that was presented to me as C class, however I was shocked with the condition or even amenities of that property.

The other way that I'm using to find potential buyers is to target the renters of houses in the area by finding out who the landlords are and targeting their tenants (don't be shocked, you'll do it too).

I would be shocked if you can't deduct the interest.

I also wanted to point out that the one of the main reason's one would keep receipts is to protect your deductions should you be selected for the pleasant experience of being audited.

The longer that you rent the property more than 1 year the better your argument.On the surface the issue seems easy, less than 1 year, ordinary income, more than 1 year capital gains, but the reality it far from that easy, as I said there are those 8 criteria.Hopefully this is academic question for you and you never have to actually have to go to the mat to defend you're position, its not a pleasant experience.

This will be a flip with some profit and the capital gains will be a shock for both her and the family member.

Needless to say, it is not pleasant, hurtful to everyone involved, and just an overall mess.

Class AMountain Brook - https://www.neighborhoodscout.com/al/mountain-brookHomewood - https://www.neighborhoodscout.com/al/homewoodVestavia Hills - https://www.neighborhoodscout.com/al/vestavia-hillsHoover - https://www.neighborhoodscout.com/al/hooverClass BAlabaster - https://www.neighborhoodscout.com/al/alabasterPelham - https://www.neighborhoodscout.com/al/pelhamGardendale - https://www.neighborhoodscout.com/al/gardendaleTrussville - https://www.neighborhoodscout.com/al/trussvilleHelena - https://www.neighborhoodscout.com/al/helenaChelsea - https://www.neighborhoodscout.com/al/chelseaIndian Springs - https://www.neighborhoodscout.com/al/indian-springs-villageClass CFultondale - https://www.neighborhoodscout.com/al/fultondaleCenterpoint - https://www.neighborhoodscout.com/al/center-pointRoebuck - https://www.neighborhoodscout.com/al/birmingham/roebuck-crest-estatesForestdale - https://www.neighborhoodscout.com/al/birmingham (Unincorporated)Adamsville - https://www.neighborhoodscout.com/al/adamsvilleGraysville - https://www.neighborhoodscout.com/al/graysvilleHueytown - https://www.neighborhoodscout.com/al/hueytownPleasant Grove - https://www.neighborhoodscout.com/al/pleasant-groveMt.

You’d be shocked by how little actual screening many PMC’s do!

I think this argument stems, though, from the sticker shock of a $2M fourplex, for example.