So now 5 months later with at least 2 more to go, you are out 5 months of rent, $7,000 in legal bills (and counting-we are not even at trial at this point) and by the way, if the tenant wins their case, the insurance company probably will not cover the judgement as it is excluded in the policy.Also, if the tenant decides to call code enforcement and they find mold, now you have to remediate professionally (again not covered by insurance) and it will cost you about $15,000 or more because they have to do the whole building to kill all the mold.Oh, and by the way, the tenant called code enforcement and there is no visual mold but all this is going on anyway.So legally, you may not have to but it will cost you a lot of money when you get a tenant who can play the system.Make the attempt to fix it so you can say you did.Tom

Jobs seemed to be made by professionals as removed walls contaminated with black mold and gave them the right treatments, but nobody knows who it was, no one knows where the cabinets go and all the stuff inside the property like dishwasher refrigerator etc.

Cancer is an uncontrolled division of abnormal cells in the different parts of our body. It is also known as malignant tumor or malignant neoplasm. All tumors do not spread cancer as benign tumors do not spread to the...

The benefit of the Roth treatment is the tax-free growth you can earn while keeping the money working in the retirement plan.If your goal is to purchase a property personally, a 401k participant loan may be a better route, assuming you have access to such.As a self employed realtor, you may wish to explore the idea of a Solo 401k plan.  

Selling stocks, bonds, mutual funds or other publicly traded securities is not considered like-kind property to real estate and would not qualify for 1031 Exchange treatment.

., held for sale vs. rental) you will not qualify for 1031 Exchange treatment. 

Hey BP,I'm having a hard time visualizing the taxable capital gains on the backside of owning a property.Here's an example to help simplify my question:What gets taxed when you sell a property?

We didn't hire an inspector, it was just a visual inspection around the property with our realtor.

Depending upon the volume of transactions, how long you hold them, and if you can be a landlord for a little while, you might also be able to qualify for capital gains treatment.  

@Justin Herrington- I don't visualize it as bragging.