If your AGI is between 100 to 150, the 25k is phased out and get partial deduction until you reach 150k.If your AGI is more than 150k, then those losses will be suspended (unless you qualify as RE professional) until when you sell the house and will offset your passive gain when you dispose.

Be sure and get a professional inspection, that may cost 1000 dollars but well worth it.

Hi,I'm a newbie real estate investor and I'm looking for some guidance on how to structure my partnership on a rental property with my brother.A little background on the situation:Myself and my brother will be partnering on the down payment for a SFRThe mortgage on the property will be solely in my nameI will be putting in a greater amount of the down payment, so I want to structure the terms of the deal, so that I own a higher percentage of the deal.

@Stephen BensonCozy.co is the website we use for applications, background and credit checks

@Ken Breeze What's your background? 

@Joseph Lucas JrMy comment below is a question, not a professional advice, because I'm not an attorney and am not qualified in legal matters. 

I've been doing home repairs my whole life, but know when to call in the professionals and am not ashamed to do so. 

Based on your posted comments - I don't perceive you have experience in rehabbing or managing rehabs as part of your background. 

I learned great deal from the experience so I chocked up the experience as cheap tuition.I also was so tight (and naive) that I never ran a background check.

Professional caretakers milking benefits have a long history of lying about the severity of conditions to help people like this stay in the home and continue making a living off them.If you really think this woman is insane, no one is being served by keeping her there except whoever's pretending to take care of her.