Passing Costs to Tenants:- Lease Agreements should clearly state tenant responsibilities.- State Local Laws: Follow rules on what tenants can be charged for.- Preventive vs.

My parents have a neighbor that he is planning to sell the property that he own free and clear.

If you have people cutting you large six digit and 7 digit checks, I keep my ears open to hear what they are saying.

I’m not clear what it’s called but for instance like what I believe Grant Cardone does if that makes sense?

I would get rid of that immediately.Second, I would ensure your rules are clear, in writing, attached to the lease, and posted in locations where the occupants can't possibly miss them.

Any trouble with them delivering a clear title?

You’ll also pay transaction fees disposing the asset, likely in the $40k+ range.I don’t think you have a clear-cut answer here, but you’ll need to rack up all the financial trade-offs to make an informed decision.

I currently enjoy my full time job in health care, but would love to cut down on my hours in another 5-10 years.

Second, I have a question about REPS status in a longer term sense.The primary benefit of REPS status, as I see it, is to take passive real estate losses, usually from depreciation and accelerated depreciation via cost-segregation, and use those losses to offset active income, reducing current or future AGI and tax burden.I’m clear about this benefit, but what I’m unclear on is the consequence in out years.For example, if I put $100K into a multifamily syndication, and the syndication does a cost seg, resulting in a $40K loss, I believe that a Real Estate Professional could claim that $40K loss against their other income and reduce their AGI accordingly.

Is there clear title?