This becomes EQUITY, which can be leveraged 4 to 1 to purchase income producing property.4.

I made myself take QB classes and struggled for years, my CPA said what I am doing is about 80% correct and it was a ton of work to clean up the files. 80% is not acceptable for me when it comes to IRS stuff.

I would highly recommend you sell and do a 1031 exchange into something that will produce income, like a rental property.

Our law firm is seeing an increase in eviction filings this year.

Although taxes and purchase price may be more with a multi family the fact that there are multiple units for rent tend to be much more income being produced.   

., assets that tend to produce income for more than a year) are expensed over a specified "useful life." 

I did another search and there is no lien filed on the property recorded with the county. 

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

You would file the name with the state for each series created so it's clear its a series, but you wouldn't have to do a whole entity formation or do the annual filing fees.

If she does not comply, file for eviction.