What really sucks is you can't even write off the loss because it's not lost.

@Wesley W.If it goes to tax sale then buy it at tax sale.

Hello, I'm a real estate investor specializing in tax liens and deeds.

Missing any 1 detail can cost dearly in time, money or both.Sorry I am working off top of head and don't have a ready list, so I am probably bouncing around a bit on details. 

Hello, I am wondering if anyone out there has completed an SB 9 lot split and sold off the empty lot. 

So all the rental income is passive for tax purposes. 

This deal was intriguing because it was rent ready as-is, but I knew that when we could afford it, the rehab would really pay off.

Findout what form is issued(bank) and ask the IRS where it is captured on the tax form.

HI Dean,You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

Oregon is also an increasingly popular retirement destination, for primary and second home buyers that don't need to have STR permissions, the options and areas to invest are robust, and there is even high demand for upgraded and updated furnished mid term rentals to help off set operating costs.