IMO, since the property is out of service as a rental, your mortgage interest from Jun 2011 to the end of the year becomes investment interest to be deducted on Schedule A instead of a rental mortgage interest expense on Schedule E.

I'm thinking that maybe I'll try to find a local r/e investment group to join and maybe I can find some helpful contacts in the area.The property is insured as of this moment.

They are going to e-mail me in a few minutes with all the info. and I will then post it here, including who to contact.

Our experience was that because we have years of landlord history, they required a minimum one-year lease agreement and proof of deposits of rent on property that did not have the 2 years of Schedule E in order to use it as income, but not on the converted primary.

Hello Matthew - Great to see you creative juices going here.

I know people say the money is in the follow up, but I'm thinking that means following up with people who have shown SOME motivation or interest or the people that have not responded yet to our marketing.Sure I got some e-mail addresses and why not sent out something free, but I can't see myself writing another yellow letter next month to someone who was just wondering what I'd offer.

The 4-plex should be treated in one section on Schedule E.

Sent you a reply e-mail

I downloaded your e-book (7 years) and devoured it last night.

But frankly, I'm too busy trying to figure out how to maximize rents and reduce turnover to spend too much time trying how to ding them for crayon markings.Not to say your pursuit is without value.Like standing in front of a mirror naked, schedule E of your tax return tells all.