Per NJ law, must I include account number in the lease?

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@Thomas Polise has multiple STRs there, including one that is a four-plex in the middle of town.

You might be referring to income / expenses that are reflected by cash.Cash you receive from rentsExpenses that you pay out such as insurance, interest, taxes, etc.You may not have included depreciation expense which would bring your taxable income down further.It may be possible that the negative taxable income would bring your taxable income down.

I am doing this now and included Seller's transfer tax.

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Use a promissory note drafted by an attorney to outline loan terms, including an interest rate that aligns with IRS Applicable Federal Rates to avoid gift tax issues.

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Deductible expenses include a proportional share of mortgage interest, property taxes, insurance, utilities, and repairs.