Also there are rules with past due notices etc. as well as it relates to this.If you were to damage someone's credit and then find out you were not compliant, you could open yourself to a lengthy and very costly legal battle. 

There is a way to leverage losses from a rental property that you are actively participating in managing + you need to meet a few more criteria too lengthy to break down here in the forum post - to be clear, this isn't what you described (e.g. 

Quote from @Chris Seveney: @Jeremy H.I was a fan of this in the past but there was a lengthy post talking about out this and gave some good reasons why they do not have it .

After reading through nyc.govs lengthy explanation on M1 zoning laws, I am still trying to figure out if we can do this or not.

The lengthy process required careful planning.

The lengthy process required careful planning.

The timeline on that appeared to be potentially lengthy and costly. 

Don't be scared of them just because they write lengthy emails and site housing laws.

I intend to change to hard flooring when I can arrange to be there for a lengthy time in the off season, because I live long distance.

But then my contractor took a couple of weeks off to help another client because he was behind schedule from my lengthy rehab.