Keep in mind that some improvements and renovations you have made over the years will likely increase your basis in the property and decrease you capital gains.Make sure you find a CPA who specializes in real estate, rather than someone who works with all industries.

You will generally see a 70% decrease in premium with the certificate.

If you pay less than the assessed value, the property taxes should decrease the following year, but not the year that you purchase the property.

However if we were to wait and use 5K of cash flow instead to pay for something after 1 year of renting, would that decrease the "estimated repairs" number to $20K in that calculator or would it make no difference whether it's cash from the business or personal cash out of pocket as far as the cash on cash return calculation is concerned?

This will happen because the depreciation expense decreases the owners’ basis in the property, which will increase their gain upon sale.

, at minimal ongoing cost because of its added income (even though that'll likely decrease once you get tenant turnover, reverting to normal market rents).But, that's not nothing.

  - being able to use projected rents when purchasing a multifamily to be able to qualify- ability to convert properties and increase or decrease units@Abel Curiel - you are correct - rates tend to be higher- normally 1/4 to 3/4% higher depending on factors and timing. 

It is important to keep a separate bank account for the LLC for legal purposes, but for tax purposes , taking money out is just considered a distribution to the shareholder (you).I agree with Natalie- if you don't need the money, I just wouldn't charge your rental property a management fee.If you do need the money, as long as your distribution does not decrease your basis below 0, then it shouldn't be taxable.

The risk though is that influx of inventory could decrease demand in the area if there is no influx of people wanting to live there.Neighborhood wise, I think it could help bring money into the city with all the retail space but as far as population makeup I think that's definitely a preference.

The average price declined 2.1 percent to $270,303.The HAR sales report indicated a decrease in upper-end sales.Check out the the Center's fourth quarter 2017 housing report for Houston-The Woodlands-Sugar Land for more data.