But, It’s truly is one of the three reasons I use a PM for the rest  1) I don’t want to screen, I don’t really like meeting new people.2) I want to stay legal in my screening, notices, demands, etc etc3) They raise rents more and faster than I would and collect more in late fees.They literally pay for themselves with increased rent/fees and I get the legal and people screening for free. 

It would probably be months before the gears that have to turn within the IRS bureaucracy got to filing something like that - unless those gears have already ‘turned’ and you have been given notice of the intent to levy your property.  

However if you are lucky you might still find some places suitable for solar farm and yet to be noticed, especially after the increased interest in community solar.

Persistence and adaptability are crucial for success.Good luck!

I am a regional clinical director where I oversee multiple facilities serving individuals with severe and persistent mental illness.

One day I noticed my rental properties produced significantly more cash flow than my W2, and since I was at retirement age for my pension and the state was screwing me on my time, I was able to take my retirement pension and live (hopefully) happily ever after 😅

Hi BP folks..I've been noticing in Cleveland quite a few Triplexes for sale but are on public record as being a *Duplex*.  

So I have a FixedAssets account in the chart of accounts, but that's not really usable for tracking the per-item depreciation...there's no entry for when it was placed in use, no way to state depreciation lifetime, nothing that ties loan points to the loan so you notice when you refinance that you should take all the rest of that line item as depreciation immediately, etc.

I’ve filed probably 20 x 5/7 day pay or quit notices.

Some things I do to avoid bad situations: screen well, only have properties in good locations where people actually want to live (I find tenants behave better when they know they have a good thing going for them and that they are easily replaceable), set proper expectations, have a rock solid lease, go over it with new tenants to make sure everything is clear and agreed upon, and enforce the lease by issuing a formal notice to pay or quit every single time rent is late by even one day (and charge the late fee), or a formal notice to cure or quit every time there is a lease violation.