You might need to file 1099s if you used contractors or other people whom you paid for labor:https://www.biggerpockets.com/forums/51/topics/1167632-expla...

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.

You must work at least 750 hours per year in a qualified RE business.So most people who have high-earning W-2 jobs outside of real estate won't qualify.But the unique thing about RE pro status is that even if you don’t qualify but your spouse does, you can both file jointly and claim the losses from your RE investments to offset your other active income together.It's an incredibly powerful benefit if you do meet the criteria.

Now the senior lenders start filing foreclose against the original sellers.. the Original sellers start filing complaints with the AG.

Ok it might not be 1:1 but it will add additional revenue.

If they did not provide a forwarding address we send it to the unit address, hoping they filed a change of address form.

@Kleyn LopezI have referrals in the San Diego area if you are in need of additional CPA recommendations.

I haven’t made any profit yet and I’m wondering if I should still file taxes for my “business “. 

It could give you peace of mind as you focus on your family and move to your new home, without the additional stress of managing a second property from afar.Best of luck with your decision! 

Figured there would be a few data points left out of the equation' that I would need to circle back with :) .There are additional units not rented at this time which could be rented to increase the income.