Take the time to prepare for major expenses, whether that comes from your dayjob, some small side hustle, or a startup you're grinding on day and night.I sold one company and started another before getting back into real estate recently.

Examples of permissible activities include the preparation professional scholarly articles for publication and participation in seminars, lectures, and civic programs.A Member who writes or speaks for the purpose of educating members of the public shall never imply that he or she is speaking on behalf of any other entity, including RMAI, unless specifically authorized to do so.A Member should report unethical behavior of others to the appropriate governing body.CANON 6 – RESPECT FOR THE JUDICIAL SYSTEMAn RMAI Member shall always demonstrate respect for the judicial system which shall be revealed through the absence of litigation (or threat of litigation) that is intended to harass or maliciously injure another or knowingly violates local, state, or federal laws or court rules adopted for the bringing of an action before the judiciary.Commentary:A Member may, where permissible under the bounds of the law, exercise its reasonable judgment in pursuing with ardor legally owed obligations.A Member may test the bounds of law when faced with issues that are new, uncertain, or have contradictory treatment by the courts, regulators, or in statute but shall not assert a position that is frivolous or for the purpose of harassing another.A Member may, in good faith and within the bounds of the law, take steps to test the correctness of a ruling of a tribunal or the validity of a statute or regulation, provided they proceed with caution, demonstrate respect for the judicial, executive, or legislative entity being challenged, and strive to comply with the existing ruling, regulation, or statute until such time that it is overturned or otherwise changed.A Member should treat proceedings that may occur in quasi-judicial or administrative systems with the same respect as they would with proceedings before the judicial system.A Member shall not give or lend anything of value to a judge, official, or employee of a tribunal before which it has business.CANON 7 – RESPECT FOR THE ASSOCIATIONAn RMAI Member shall always demonstrate respect for RMAI which shall be revealed through their cooperation in adhering to the RMAI Bylaws, RMAI Code of Ethics, and as applicable the RMAI Certification Program and through prompt responses to correspondence from RMAI staff, RMAI agents, the RMAI Ethics Committee, RMAI Certification Audit Committee, or RMAI Certification Remediation Committee concerning alleged, perceived, or actual violations of the Bylaws, Code of Ethics, or Certification Program.Commentary:Membership in RMAI is a privilege and not a right.

Can you provide a sample payoff letter you prepare or have received from your PML?

This demonstrates the buyer's seriousness and commitment to proceeding with the purchase.Additional Clauses:Subject to Sale of Buyer's Property: If the buyer needs to sell their current home to finance the new purchase, include a clause making the offer contingent upon the sale and closing of their property.Specific Repairs or Improvements: If the buyer has identified specific repairs or improvements they want completed by the seller, include details about these requirements as conditions of the offer.Review by Legal Counsel: Consider having the "Subject To" offer reviewed by a real estate attorney to ensure all contingencies are clearly defined and protect the buyer's interests.Final StepsNegotiation: Once the offer is submitted, be prepared for negotiation with the seller.

Even if you do paint/stain it, you need to make sure it is clean before doing anything-preparation is everything.Not sure how well paint would stick to those surfaces or wear. 

It's smart to invest now and be prepared for any market changes.  

You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a tax strategist willing to work with you throughout the year, not just when preparing your tax return.

Rick,Yes you need both tax advise and tax preparation which are two different services.  

This is my opinion as a CPA who has prepared hundreds of income tax returns for both individuals and businesses with rental properties.To answer your question directly, you report the rental income you ACTUALLY received.It does not matter what you advertise as your rental listing price.

Two weeks ago, she sent a request to leave and I prepared an agreement so I could acquire a new tenant first.