I continued to futz with different scenarios and I can certainly come up with numerous scenarios even considering a more realistic expense number than 33%.

Hi Will,No to long ago there was a tax court case it runs in mind Rollins vs Commissioner where legal counsel was inadequate at best and the court ruled that his 6% ownership constituted enough legal alter ego to create the prohibited transaction.My associate is an Attorney and has been on the phone numerous times with IRA Attorneys discussing this issue.Our position is no percentage of ownership in any entity is safe until another tax court case rules otherwise?!

It may have only cost you $7500 to get in, but it will cost you $20K to get out.There are numerous houses within two miles of this one listed on the MLS priced around $60K.

I tried numerous times to create an excel spread sheet.

In numerous cases the IRS has evaded to this Jafarpour 2012-165, Padilla 2015-38 are both ones where reserach hours were thrown out by the courts as not qualifying as investor hours. 

Numerous offices nationwide wide including Seattle, Lynnwood, and Everett.

I also do not know if my 2019 basis will match the prior CPA as her work has numerous mistakes.  

In Baltimore there are numerous first time home buyer incentives worth tens of thousands for this type of buyer, but there is little to no education about them that is readily accessible, and almost no staffing to support the programs. 

This operation seems to be lacking integrity based on the numerous complaints posted in BP.

I have been watching numerous webinars and reading the plethora of information on BP which has been amazing.