However, you can claim a tax credit on your California return for taxes paid to Oregon, mitigating double taxation.If you only plan to own this one property, consider using umbrella insurance as an alternative to an LLC.

It should have been communicated that we had a plan to assist you and would waive the new resident lease fee. 

I would be thinking about future loans as I plan to do purchase another property soon after.

She's been stuck with the city process and wanted some advice about how to get her plans approved.

You understand some of the basic concepts, but also have some giant holes in your plan.

This is who will approve or deny your plans when you apply for a permit.

Transcribing transactions from bank statements, posting transactions to the correct accounts, and then manually creating an income statement, statement of owner's equity and a balance sheet is a fairly time consuming process and I have not been able to keep up with the book keeping between my regular work responsibilities.What accounting software do people recommend? 

But what is really important is that you understand the terms of the loan, including the length of time and when you can expect to get the money back, how it is secured, and the process of getting it back if things don't go as planned with the investment.

The process has been difficult and stressful and we almost gave up a few times. 

Purchase price: $150,000 In the process of buying 1.21 acres in Isabela, Puerto Rico.