We’d like to transfer their interests to an LLC – however, we do not with to be treated as a partnership for federal tax purposes.

It isn't a ton of extra work for us to manage an IRA vs regular investor, but eliminating government-mandated paperwork (that adds no value) is a win.

I've received 2 K1's so if this is fraud then i'd imagine they've committed a federal offence by issuing false documents to the federal authorities.

Then you’re looking at a minimum of 15% federal tax and 10% California tax on that $500k.

I see opportunity abound as the Federal Reserve is intent on forcing us into a recession. 

You will have to file state and federal tax returns here while you operate the property.

I would also set up your will/trust structure with a lawyer so YOU can decide who gets your assets and it is not up to the government. 

It's better than what you'll get from most attorneys and what you'll find on the internet.Lead Paint is a federal requirement and the form is available for free all over the internet.

To address this, we verify the property owner per government records and use this information to vetimposters.Anything that seems suspicious will lead to us requesting an acceptable Letter of Explanation toaddress.Analyze IncomeMany landlords require a month of paystubs from applicants and just use these to calculate a monthly qualifyingincome.

When people refer to the Federal Reserve “setting rates,” they mean the effective federal funds rate or the rate at which banks charge other institutions on an overnight basis.