@Mandy Klein had a good suggestion, but my thoughts are if I find a great deal, I just want to rehab/flip and make a larger profit. 

Of course, you and I have already corresponded on this issue via PM, but I'll post my answer here as well to ensure the correct info is out there.Firstly, my post above is a bit outdated now and our average time between move out and new move in is down to 38 days.

I found this information in the on of the forums that @Anthony Thompson referred me to:Originally posted by @Michael Plaks:@Andy J. and @Alik LevinYour confusion comes from mixing together these two completely separate issues:personal deduction on Schedule Abusiness deduction on Schedule E (rentals) or C (flips)If your loan is used for investment/business purposes, the interest is fully deductible against the corresponding property on Schedule E or C.

@Mandi Ewart This sounds like a terrible experience. 

All correspondence from me has been via email, and cordial but factual.Here's where I feel like a grinch. 

Especially if they receive correspondence from an attorney.

With both of them I knew what they are doing, they are buying properties at unknown amount and just leaving enough discount to make this deal better than a corresponding retail deal.

Any correspondance, use certified mail so you can argue to the judge you made strident effort to work through the issue.Basically, assume this WILL go to court, and think about what you need to prove your case.

(Adopted 1/93)This guy never informed you about a huge deal that he was related to the seller, and in his later correspondence he relied on that relationship to try and influence you.

We have a simple WordPerfect table for each house, with the columns corresponding to the lines on IRS Form 1040 Schedule E.