On cross examination I asked them if they were MHIC licensed home improvement contractors ?

Is any longer than the 3 years we can amend or the amount of time the IRS can examine? 

Those who have foreclosed on a property more than likely lived anywhere from 5 months to 1 year mortgage free (again extremely worse than evictions which are most likely 1-2months of rent in arrears) I know many people (in Florida) who stall the courts and live 5 years in foreclosure and have the nerve to lease out the property and collect rent, paying the bank absolutely NOTHING.

If I invested in much larger properties (20+ unit MFHs) I probaby would do a more rigorous examination of the expenses and rents a seller claimed.But that's just me...others can certainly provide excellent reasons a Sch.

I will have to provide some evidence that I added value to the property, this helps the appraiser and the bank examiners understand the difference between the initial purchase price and the cash-out appraisal value.

I know it's nerve wracking to wonder how much damage a tenant can do, but they can do it all in one day, so no point in worrying about how long they'll be in there.

A lot of my posts are catered to beginning investors with lots of how-to guides and examinations of a fledgling real estate investing company.

You should be very diligent in examining tenant ledger and lease information.

To make it very simple, if an expenditure produces both current and future year benefits, the determination as to whether the cost should be capitalized or expensed should be based on a careful examination of all the facts.Taxpayers must capitalize amounts paid to restore a unit of property.

If you have any rentals in baltimore, i could certainly help anyone examine/assess rental property.