We believed that the main portion of that fee would go towards the tax strategy portion where your designated ‘tax team’ would help you create a customized ‘tax strategy plan’ to minimize your taxes moving forward, while the tax preparation for a simple portfolio like ours was thought to cost no more than $2k of the total fee.

Somethings that newer investors don't think about but should be addressed int the OA is what happens to the upon death - who gets the company, is there portion bought out by the other owners, at what price, what happens when one owner wants to sell, etc.

This affords you 2-3 properties using a portion of the $400K you have and the rest to hold onto for reserves and to stay cash fluid.

We’ve put silicone sealant along the walls of the portion of the house that is affected all the way to the foundation.

Which tempts me to tell everyone to put their real estate into S Corps, because you might save on the Health Insurance portion of SS taxes

The str will close before the land sells and then I would like to recast the loan to pay off a portion with the land proceeds.  

Understanding the management terms, including fees and tenant handling procedures, is also vital.

Why would we have to pay several thousand dollars to remove portions of the tree to satisfy their complaint?

I notice a few comments from out of state lenders/brokers that are referencing what seems like the property taxes and/or transfer taxes, not mortgage recording tax.In NYC transactions, property taxes are pro-rated and sellers + buyers pay for the portion they're responsible for (depending on the calendar schedule of the county + closing date). 

Consequently, the lender cancels $75,000 of the landlord's debt.In light of this situation, the IRS Chief Counsel provides guidance indicating that the foreclosure constitutes a taxable disposition of a significant portion of the landlord's interest in the property.