Marie, please review 66-28-301(e) - Security Deposits. 

@Russell Brazil their plan has the E & O insurance for $100.

My questions is, What is the process for filing, do I have to do a 4797 form to report the sale or just an Schedule E form and marked as sold in 2023?

I don't think in this market I would be putting much weight into the 1% rule.

So in my mind as an agent if your not the owner broker of your agency I would be talking to them and talking about if your E and O will cover you ..

I would not value that any different that a single family - not until its a true commercial though.Check that its a LEGAL 3 unit (you can see that on the county website), and your also get some other insights to the property as well.I agree with #Eric E. that the seller is looking for a sucker...

But it is the tax return that will show the conversion of your property from personal use (schedule A probably) and into an investment property - (schedule E or schedule C of your tax return).

Hi everyone (and thanks for the time and support you guys give to the rookies),I am in the same situation of Luke E.

I overlooked including these details on Schedule E when I initially filed my taxes.Any guidance on these matters would be greatly appreciated.

I agree, the term itself seems to have been the result of backroom jargon as any pool sold or collateralized will be based in part on the WAM, Weighted Average Maturity of the obligations.