Be sure to have experienced tax professional help you understand the tax implications. 

Would love to find someone local, so they would understand area better than someone from another coast…. 

Hi,Had a quick question to confirm I am understanding how passive activity losses and depreciation (and depreciation recapture works). 

I understand one way to go faster is to value add / take the BRRR route of course... 

Trying to best understand how to structure a family member occupied investment property. are there any advantages/disadvantages in structuring it as a not for profit rental vs rental (e.g. with depreciation assessment at sale)?

I have never invested in real estate before, but I am eager to learn and very determined.

And I also understand the viewpoint of wanting the community to be comprised of mostly homeowners or long term renters.

Regards, Murray, Can you help me understand your strategy a bit better? 

I understand you are getting other services in return for the rent concessions you are offering your brother in law but a lender does not care.

I completely understand why and do not blame them as they are making loans without appraisals so they are going to have to be at low loan to values to account for the small % they get burned.