There are some key limitations that are important:Passive losses can only offset passive income.Up to $25,000 in passive rental losses may be deducted against non-passive income if the investor actively participates and their modified adjusted gross income is below $100,000.Unused passive losses are carried forward to future tax years.Here’s an IRS article that further discusses the rules: https://www.irs.gov/publications/p9251031 ExchangesThis strategy allows investors to defer capital gains tax when they sell a property if they invest the sale proceeds into a “like-kind” property.

@Anthony Wick @Sandra K Shirah I have modified the paragraph in question to the below draft:++++++++Additionally, because it is essential for me to have all of your important information on file and up-to-date, I have emailed you a Tenant Estoppel Certificate for you to fill out.

PM companies don't have the leverage like Verizon.I get what you're saying about companies not wanting to change their agreements but there are circumstances that a PM company would modify a contract for a potential client.

Do you not have to modify a property such as many do with PadSplit homes but you can and it may be a way to increase your revenue per home.

You will modify it over time to fit your needs... but again... not hard.  

And sometimes the Supreme Court makes up laws based on convoluted arguments like Obama Care and then those laws are later changed, modified, and repealed.I wouldn't waste a moment's speculation until a "clarification" of the law "once enacted" is issued.

It gets fuzzy in south Jersey where the agents and lenders are helping to modify the contract, for example. 

Then the last bank I went to is who I ultimately plan on working with does a HELOC on non owner occupied residences at a $500.00 closing cost, 0.5% above prime rate, 75% LTV, and a ten year payback term for amounts that after 10 years modifies to a 20 year payback term.

I repaired ADU for 30k generating 2k.if you want condo there's 2/1 in antioch for 198k, that one you could rent for $2250.Thing is in bay area there're already bunch of houses that already has multiple building within one parcel, not just that, but house with livable basement and/or already modified added rooms.

The company who actually fixed the HVAC charged $268 but the "Preferred Vendor" middleman modified that invoice to include 6lbs of freon (not on the HVAC sub's invoice) and charged me $700.Latchel probably works fine if you force them to only use your vetted contractors, but I have zero respect for Latchel's "Preferred Vendors".