While I'm not an accountant, CPA or attorney, I'm hard pressed to believe that if the mortgage is paid in full from the sales price the wife has to worry about getting a 1099.

I am no expert but have been present for a few inspections and i always like asking questions.I agree with all that was said already especially holding individuals accountable for caring for their own system.

Hello @Tiffany Makiya,Many investors compare properties using the ratio of annual rent to property price.

You would file the name with the state for each series created so it's clear its a series, but you wouldn't have to do a whole entity formation or do the annual filing fees.

This is not a total deal breaker, but am I little frustrated that sellers misrepresented 2 of the leases being annual until 8/31/2025.

If your building value is only $100k that’s small annual depreciation vs a $1M building.

When I see an account without an actual photo or with a truncated name, I immediately give it less credibility.

In this post, I will explore the historical impact of the election results on the housing market, if any, and share my view of the current election impact.Historically, U.S. investors have seen similar annual stock market returns regardless of which political party is in power.

Yes, I probably have some protection, but rely mostly on insurance.NOTE: we manage a lot of Class C properties and unfortunately get sued 2-3 times annually.

There has to be an account in the middle for repairs, renovations, etc. and you want to know how that will be disbursed and if you need a workflow between you.If you decide to do it, just start small with an asset that is as close to can't lose as possible so you can fine-tune your collective process.