The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.I hope this basic guide helps.

Do you work for this developer, as you have indicated on other forums, or are you actually an investor?

If it's a recent sale, as @Russell Brazil indicates, an appraiser could very well treat the property as its own comp.

He indicated, however, that had the toilet not been clogged up (which according to the tenant and building maintenance man was the case), the toilet would have just kept running (without flooding) until someone jiggled the handle or such. 

As @Ronald Rohde and @Kyle Kadish indicated there's  some hoops you have to jump through but especially if you're avoiding ordinary income tax it would probably be worth exploring.Ownership in the LLC is not an issue. 

if you thought I was indicating that you were definitely mistaken about the Michigan law I was not. 

I simply wanted to know if that is compliant with CA's RE bureau, for future reference.Last message (txt) was from listing broker/dual agent that that Escrow was opened, and so I dropped off the 10K check to the Escrow company indicated in CAR form's Joint Escrow Instructions, which shares same exact address as Listing Broker, just a different suite letter, ie B in of A, and haven't heard back from dual agent since, but assume once contract is executed, brokers move onto their next deals and become 'scarce'.Anyways I had asked for 4wks close then 3wks close but broker kept 2wks close on the offer as its cash so let's see if we actually do close on their preferred timeframe of 2wks which would be 2nd week of Nov; there are NO contingencies other than Title clearing so I see no reason why the heck not, yet remains to be seen!

The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.I hope this basic guide helps.

He never gave me any indication of conducting any illegal activity so I never made an issue of anything with them.

The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.I hope this basic guide helps.