I have a buyer for this vacant building.Buyer sends out contractor to look at the inside.Security guard says he can't come in to look.I call seller and he does not have any security out there.Talked to asset manager at the bank and they have not foreclosed on the property.Sometimes the asset manager said the city of Atlanta will secure a property to keep crime out but she thinks it is drug dealers as well.

They all said it was a nightmare management situation with endless turnover, drug activity, etc...

If you are considered a real estate dealer, you have a trade or business - the income is earned income, you are not eligible for capital gains treatment, and the property is not eligible for a 1031 exchange.

Drug activity is another.

Renters refused to spend their money on what is clearly landlord's fault.renters' treatment One of the guys was supposed to leave for good one morning, even though landlord was coming next morning before tenant left, he tried to "play" the situation.Tenant cleaned the room, no damage.

I am a certified alcohol & drug counselr for 2 years now.

Some things I dont hold a tenant accountable form others I am highly suspect of.My 1st 2 things I automatically deny tenants applications is drug convictions and evictions less then 7 years old.

The LLC will actually have no effect at all on your taxes, unless you elect unusual tax treatment.

Ozone will remove the smell, it may take several treatments though.

If you really want to save on ink, make sure the model you get is compatible with those ink refill stations at drug stores.