Guy who inspected gave some report asking to fix the issue on roof and if it’s not addressed they will terminate policy by January,15th.

The operating expenses in your report seem really high and some appear to be redundant.

We have QuickBooks reports going back for 10 years as well that we are posting to this private investors portion of our property management website.

Paulette, it is good to call out these bad contractors and unfortunately you are caught in a bad situation on what to do, start by a small threat that you will contact the BBB and report a claim if he does not show some progress, or if you know an attorney, maybe a simple letter from one may get him worried and he may start showing up.

Interest is mort only, and taxes are income, not property taxes which are in COGS)Then I do depreciation, loan principle and interest, etc to get reportable income.

You'll be tagging transactions throughout the year with categories that fit the Schedule E so when tax time comes (if you stay on top of it) every deposit and expenditure will already be categorized and it's quick to create the Schedule E and/or run P&L reports any time you need to.

It's an endless game.Recently, one of the tenants being evicted reported a broken heater to code enforcement and the Department of Children and Families (DCF).

The Lender changes the loan to installment once they pull credit report for your seller, and omits it under 5102.4 guideline as paid by third party owner of prior home.

The only way to reverse these is to prove the tax collector screwed up on notification and that is primarily done by counting the days in the newpaper.. they must publish for 21 consecutive days prior to the sale.

Many investors switch over to these loans once they have a few properties (typically 5 on average, but you are right there in the typical fashion for property number 4)Check out these series of articles on the loan topic published on BP as well for all you need to know about this option!