The area is going through a farmer’s renaissance as they’ve coined it and suddenly everybody is involved in the local organic rage.

We have coined Rents - PITI = "Cash Flow" the anti rule on BP. 10% in operating expenses is dangerously close to the anti rule....study the forums some.

.-4 Unit Duplex -Total Rents: $2100/month-Fully Rented with year long leases-Units are in good shape, absolutely no noticeable renovations needed-Blue collar neighborhood -I will add coin laundry for basementExpenses (as current owner told me):Electric $119 a monthInsurance $140 a monthWater $20 a monthSewer $15-20 a monthTrash $40 a monthTaxes on this property are around $3800 a year.Asking Price: $122,000 (down from $133,000)Current owners bought this property for $132,500 in 2004.

Is there already coin operated laundry area and equipment on site?

(It'll most likely be nondeductible personal interest.)On the other side of the coin, if you get a cash advance against a credit card and use that cash to make a down payment on a rental property, then an allocable portion of your credit card interest will be "rental" interest on Sch E.Check out IRS Publication 535 for more info.

On the flip side of the coin, why does it matter what price the LLC purchased the property for as long as it appraises at the selling price?

The Congress shall have power to lay and collect taxes, duties, imposts and excises, to pay the debts and and general welfare of the United States; but all duties, imposts and excises shall be uniform throughout the United States;To borrow money on the credit of the United States;To regulate commerce with foreign nations, and among the several states, and with the Indian tribes;To establish a uniform rule of naturalization, and uniform laws on the subject of bankruptcies throughout the United States;To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;To provide for the punishment of counterfeiting the securities and current coin of the United States;To establish post offices and post roads;To promote the progress of science and useful arts, by securing for limited times to authors and inventors the exclusive right to their respective writings and discoveries;To constitute tribunals inferior to the Supreme Court;To define and punish piracies and felonies committed on the high seas, and offenses against the law of nations;To declare war, grant letters of marque and reprisal, and make rules concerning captures on land and water;To raise and support armies, but no appropriation of money to that use shall be for a longer term than two years;To provide and maintain a navy;To make rules for the government and regulation of the land and naval forces;To provide for calling forth the militia to execute the laws of the union, suppress insurrections and repel invasions;To provide for organizing, arming, and disciplining, the militia, and for governing such part of them as may be employed in the service of the United States, reserving to the states respectively, the appointment of the officers, and the authority of training the militia according to the discipline prescribed by Congress;To exercise exclusive legislation in all cases whatsoever, over such District (not exceeding ten miles square) as may, by cession of particular states, and the acceptance of Congress, become the seat of the government of the United States, and to exercise like authority over all places purchased by the consent of the legislature of the state in which the same shall be, for the erection of forts, magazines, arsenals, dockyards, and other needful buildings;--AndTo make all laws which shall be necessary and proper for carrying into execution the foregoing powers, and all other powers vested by this Constitution in the government of the United States, or in any department or officer thereof.

Stick to the bullion type coins.

As soon as O coined the phrase "created or saved" you knew you had to put the hip boots on.How can you measure if a job was 'saved'?

Thanks to 5-second sound bytes and guru book blurbs.Whoever coined the word 'sheeple' had it right.