Key is to keep your transaction documents on file and document the transaction path for your CPA tax preparer.4 of the lots have sold in the last 2 months. 

So your profit is $245k minus $200k purchase price or $45k. minus any major documented upgrades (new ac, new roof, etc…)Then you’d pay your tax rate on that $45k.

@Jenni Moore Just document everything and be very organized if/when you go to court.

The records are coming with documents and different pages of information.

Yes on lease and it will help you with your mortgage app, make sure you deposit the rental money and document all transactions well for the bank as proof. 

Landlords that increase rent on elderly people in these situations by 30%+ (all at once) make it onto the evening news.

I don't want to be the bearer of bad news but in good old tenant Haven NYC it can take a year to get tenants during normal times.

Renters who are financially struggling because of the coronavirus pandemic got some scary news when a federal judge overturned the national eviction moratorium two months earlier than when it was scheduled to expire.In a 20-page ruling Wednesday, U.S.

Then of course all documents will be notarized, but we just want to make sure we aren't missing anything important in this process. 

You can purchase as non owner occupied (rate is a little higher) You have to convert funds to US dollars, and translate any income or bank documentation into English.