It usually includes basic information about the LLC and its owners (known as members), the company’s elected tax treatment and guidelines for how certain key procedures will be handled.

My guess is that i have to depreciate the new floating floor but not sure if it gets the same treatment as carpets (i think depreciated over 5 years) since its not glued to floor?

As mentioned, state laws may regulate treatment of security deposits so it's good to keep those separate either way.

I began due diligence which had a few interesting issues to deal with as a result of a water well system and sewer treatment plant which services the property and requires a state licensed operator.

The main challenge has been dealing with the state and other governing bodies in regards to the water well and sewer treatment plant.

Hi Chanelle,I see this in the media sometimes: "one of the most LGBTQ-friendly cities in the country".What makes a city into that and how do they rank the cities.I mean in days gone by, they used to arrest these people as law breakers, but I am under the impression that the Federal Government prohibits that now.So it seems all places should be equal in their treatment of them--with no MOST type of situation.I'm thinking it might just be some kind of advertising ploy to draw certain people to certain areas for whatever (financial) reasons (such as to benefit Aids Hospices in the area or something).

I found a few posts similar to what I'm looking for but couldn't find the exact answer so creating this post, apologies if it is fully answered somewhere.Trying to understand the specific treatment of suspended losses against syndication capital gains and depreciation recapture.  

But here's the quick version.Property that qualifies for 1031 treatment is property that you "hold for productive use in business trade or for investment".  

(I've had great luck with Scotchgard on fabric upholstery...water/stains do bead up and run off. )I'm hoping professional cleaning between tenants followed by one of these treatments would make the carpet last longer and clean up better.

I'm also employed 28 years  at a waste water treatment plant.