All Forum Posts by: Bruce D. Kowal

Go to medical school.

Good Grief!  That's a long time for one man to talk, and for everyone to listen.  

 Offhand, how many hours do you think it will take to do this?  Maybe 30 hours?  And more than one person involved.  Plus write the report?  Here's a link where the nuts and bolts of this stuff is discussed.Making Repairs Work For You

Alabama LLC, in order to get the protection from creditors and others under Alabama law. If you want the protection offered by Alabama courts, then you need to register the LLC under Alabama law. (Caveat: I am not an attorney)

I am not an attorney.  But if you were a renter, and you had work done by an electrician, for example, and you failed to pay the electrician, he would place a mechanic's lien on the property, holding you as an Agent of the Owner.  That is my GUESS.  Not a lawyer, as I said.

Go to website for PA Society of CPA's.  Philly Chapter.   Real Estate Subcommittee.  That's a great start.

Boy, there are a lot of real estate lawyers in NYC!  Ask your real estate broker, or the bank lending officer for a recommendation.

Go to website for OH Society of CPA's.  Cincinnati Chapter.  Look at Members of the Real Estate Subcommittee.  That's a start.

It's #2. Pro-rate for 3 months on 50% of the property.  IRS just want you to be reasonable in your deduction.  You can also deduct the pro-rated utility bills.   And depreciation. The broader question is whether you have placed that room "on the market" for further rentals.  

Just go to the State Court licensing website and see if he retains his license.  If it's current.  That's step Number One.