Maverick pointed to the agreement we signed that essentially relieved Maverick from any financial losses suffered by us.

This treatment ensures accurate financial and tax reporting, as the credit is part of the sale transaction rather than income.This post does not create a CPA-Client relationship.

Portfolio = Income derived from financial instruments like dividends (including REITs), interest, royalties, and capital gains.Mostly income w/out loss potential, and favorable tax rates.Cap losses may offset cap gains w up to $3,000 loss.

But I agree with @Stuart Udis - when making offers on occupied rental property, I always review the Financials including the RR & T12.

To mitigate this, investors focused on equity typically maintain a CapEx reserve fund or factor in their personal finances to cover these costs, ensuring they don’t face financial strain.

Partnering with others can spread the financial risk, while seller financing may eliminate traditional down payments.

This involves assessing the investor’s financial situation, investment strategy, and the specific projects they wish to undertake.

If so, I anticipate that the other two tenants may ask the one responsible for the bedroom above to pay for most or all of the costs, which may be financially burdensome for that tenant.While I have the plumber’s report confirming that the pipes are fine, I do not have definitive evidence that the leak was caused by the tenant’s actions.

Loans are nothing more than networking, and strong financials which you look to have on the property.

Bi-weekly system is changing ones financial perspective, mindset and reality.