A nonresident alien individual or foreign corporation which during the taxable year derives any income from real property which is located in the United States and, in the case of a nonresident alien individual, held for the production of income, or derives income from any interest in any such property, may elect, pursuant to section 871(d) or 882(d) and this section, to treat all such income as income which is effectively connected for the taxable year with the conduct of a trade or business in the United States by that taxpayer.

Regulation D (or Reg D) contains three rules providing exemptions from the registration requirements, allowing some companies to offer and sell their securities without having to register the securities with the SEC.

@Zachary Bohn Yes, generally there's a credit, but I'm wondering if this (see link) 2017 change will cause a double taxation - https://www.in.gov/dor/files/ib28.pdfDo you guys think a regular CPA based in Indiana will be able to help with this, or do I need a RE-focused CPA from Indiana?

It's not Trace Crossing or Ross Bridge by any means however, it doesn't get rated a D or F like it would if it was located in Hueytown for example because it's in Hoover.

So my suggestion is you budget for $240K for an 8-unit building but be ready to have extra cash (maybe $100K) to turn the building around or extra cash in operating and capital reserves (in case you buy in a D or F area).

The 2008 holiday was a disaster for retail ers, as a financial crisis swept across the globe in September and consumers cut spending on nearly everything but bare necessities.Now on to our real estate educational section...Mortgage Modification Bill May Impact ForeclosuresThe newly proposed “Preserving Homes and Communities Act of 2009†introduced by Senators Jack Reed (D-Rhode Island), Dick Durbin (D-Il), Sheldon Whitehouse (D-RI) and Jeff Merkley (D-OR) limits foreclosures and requires lenders and services to offer mortgage modifications if the net present value of the modification is anticipated to be greater than the foreclosure value.Additional provisions of the newly proposed bill include:• Limits on foreclosure fees• Creation of a nationwide database to track foreclosures• Strict penalties for non-compliant firms• State sponsored mediation programs• Grant money for borrowers struggling to make payments regardless of current mortgage product.• Capitalize the National Housing Trust Fund with $1 billion in proceeds toward preservation and restoration of affordable housing.While advocates of the bill cite the growing increase in foreclosure rates across the nation as evidence of the need for further intervention, critics of the bill believe it will increase the burden on banks and lenders while simultaneously reducing fees associated with delinquent accounts.According to Moodys.com, mortgage defaults are expected to rise to as many as four million with more than a third of new defaults associated with prime fixed rate loans rather than the original sub-prime concerns.

Originally posted by Jon Klaus:"90 gallon aquarium" $200 pet deposit* *PER PET :D Or $25 per gallon!

There are certain parts of that zip code I would consider a D or D- and in those cases it would be block by block specific.

If a D- or C-class neighborhood complete with gang violence is what you desire, though, shop away...!  

But if you took that info as a surveyor you could find Section 36 which would be a pieces of land that was 1 mile X 1 mile and each one of those descriptors hone down until you get to the very end which will say something like....LOT 26 OF BLOCK "D" or something similar.