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Thanks for your thoughtful answer and unique perspective. That is very helpful. Plus if you and Bob are on the same page it is almost a poor mans private letter...
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Good question. Whether by regulation or professionalism it is important to be sure that you have acted in a skilled and prudent manner. To me part of diligence ...
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Thanks for your effort to respond qbteachmp. The presumption of profit you mention I believe refers toIRC §183. I also thought that held the answer. Unfortunate...
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Thanks Terry. I appreciate your careful read. I did say I wanted to steer clear of the fair rent discussion because it is easy to get into the weeds but it is a...
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Thanks for your wise input Bob. Normally your guess would likely be the case. Here the tenants were third parties knowingly provided below market rents to assis...
