Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

If your intent when you purchased was to hold for productive use then the 1031 is appropriate.There are many ways to demonstrate your intent including your past history, current practice, written correspondence with professionals revenue generated over time, and reporting on your tax filings.In general also holding longer is better than shorter.

So the amount that was unpaid  which corresponds to usage from Mid-Jan through end of March is mostly the tenant's responsibility but it was billed to my account that unbeknown to me was still open. 

I'm in search of a couple clarifications on de minimis safe harbor (DMSH) and specifically sources for those opinions.Assuming:1) The real property is in service2) Items in question are below $2500 and not subject to the anti-abuse rule3) Books for the business consistenly demonstrate corresponding DMSH treatment4) Any other key assumption I probably didn't realize (feel free to point it out)Questions:1) Do materials/supplies still qualify if they are for a betterment or improvement?

@Dan Ruiz send me a connection and pm so that we can correspond

Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenants: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

They may have a copy stored digitally or in physical form.Review communications: Go through your email, physical correspondence, and any other communication channels you have with the old PM company.

Correspondingly, all business income taken from an LLC under similar circumstances is subject to self-employment taxes.

Always correspond via email so there is written record to bring suit in the event of misrepresentation.6.

Perhaps our written correspondence and messaging from our Investor Relations Department didn’t explain this enough but Dan is correct.It doesn’t make fiscal sense to continue paying such high rates in the current environment, especially with lower interest rates and access to more affordable capital.I should also clearly state that it is a possibility we could call the 10% fund earlier than expected as well.