Once the economic bookkeeping has been done, the allocation of tax results among the partners must be made in a manner that is consistent with the allocation of the corresponding economic results.For example, assume a partnership has two equal partners with identical economic capital accounts.

It verifies identity, checks rental/employment history so I can cross-check what they've provided on the application, gives me a complete credit report and score, and lists any criminal history.Some people charge higher, like $40 per and spend only $20 on the background check.

I am doing a 1031 Exchange and want to verify the portion of the gain which is taxable.1.

If you wait, you will regret it (first verify that this is 100% true)

I know, it has to cash flow, but curious if anyone has any insight into:* How to estimate insurance costs (flood, windstorm, and standard)* How to best verify a property condition (considering the location)* How to know good areas (some homes have been abandoned for years next to new builds, quality can be street by street)* General tips or recommendations for what to look for, or look out for

More data is better, but verify always.Good discussion!

They're both concerned about identity theft.

You should have done it long ago.Do you have any idea how many landlords end up losing 2,3,6 months rent in identical situations as you are in due to their inaction.Act first, ask questions later.

We had checked references and verified he was licensed, bonded and insured the first time we worked with him.

Just a little worried with all the negative news about identity theft.