If you are already up into the higher brackets, then it won't make sense to take a bit out every year since it will be taxed at the same marginal rate...Can't easily negate the tax obligations... 

You can easily check the taxes on any property if you have the tax map number.

A good Real Estate attorney can draw up a document very easily.

My brother-in-law, a fire marshal, told me that even if the smoke detector is a melted lump of plastic and metal, they can easily determine if it was operational at the time of fire. 

That profit margin is so small and could easily be wiped out with holding costs. 

OP, i suggest you locate other investors and see what your legal options are. do not let this pos off the hook so easily.  

Just curious because people in that community could exceed the yearly limit pretty easily. 

Something specific enough that they can easily scope out the area on Google Maps but not exact enough that they can break in when it's vacant. 

She’s a FT mom who may go back to work PT so was thinking that if she was more active in searching for deals, managing PMs, bookkeeping...that could easily be 750 hours/year (14.5 hours/week).

Hi all,My husband and I easily qualify for a conventional loan.