If cash for keys of a reasonable amount would of worked I imagine the previous owners already would of had them out.

The only reasonable explanation I can find is they are supplementing with J.O.B. income, or perhaps living off the excess borrowed funds..Some part of their story is missing.

It’s legitimate but now you’re in a business where the operator might choose to lease a BMW through the business and you would prefer (for obvious reasons) that they lease a Prius.

We will make 80k-100k profit off the house.I'm not very knowledgeable with tax information but if we sell the house post 5/20/18, is there any reason I couldn't claim the capital gains exemption?

It would all be most likely be financed..what would you say is a reasonable budget for South Florida for good ROI?

His reasoning was as follows:He wanted to be able to have $1 million in real estate debt and be able to service that debt possibly without any positive cash flow..

If the meal had a business purpose, then there's no reason why you couldn't deduct it. 

Thanks for the responses.The reason why I'm asking is I was thinking about developing an App for this as well. 

The only reason that I AirBnB my property is because I actually live there part of the year.

Do alot of reading, take notes, watch the webinars and podcasts when you have time..... and dont hesitate to reach out to people and ask questions or engage in conversation. were all here for similar reasons.