The At$-$Risk Rule $($LO $10\mathrm{.}8)$

Mike, an individual taxpayer, purchases a rental property for $$200,000$ using cash of $$100,000$ and borrowing the remaining $$100,000$ from a lending institution. The loan is considered to be qualified nonrecourse financing. What is Mike$$s at$-$risk amount?

a$.$ $$100,000$

b$.$ $$0$

c$.$ $$300,000$

d$.$ $$200,000$