This strategy allows them to eventually exclude up to 250,000 (500,000 if married filing jointly) of gain from taxes when they sell the property as a primary residence.Hope this helps!

If you provide any kind of substantial services like catering, car service, etc you will change you tax situation and no longer can file under Schedule E.

.: I'm waiting on a seawall permit which was filed last month.

Tenants file bankruptcy, go out of business, stop paying, but stay. 

When you say "we," are you speaking about your business or your personal tax returns, or does your business flow into your personal returns because you file as a sole proprietor?  

I just don't know how well it would work since I already have all the entities and would just need advice, consulting, cleanup, and filing returns, that's pretty much it!

My suggestion is to simply file the BOI requirement.

However, a court lawyer assisted the non-paying tenant in filing a "motion to allow late answer and discovery" and accused me of retaliation because they reported me to code enforcement.

Keep personal and business finances separate to create less headache.You should also do the following to make your bookkeeping easier:- File all receipts in a dedicated Google Drive folder.

We have to file the paperwork for the DC complaint.