Or, would it be better to just not operate under a business name and just claim the money on my taxes.I am also concerned if I file a dba, that I will get over taxed.

I'd think it's being over-taxed.

Because I didn't cash out my 401k and rolled it over taxes were deferred.

Penalty's can be $100 per day, per violation.The anxious owner of 9 years lives 125 miles away and is financed with commercial money, the property is also being overtaxed as a 6 unit, when it cannot legally be a 6 unit because of the parking issue.

got to love the over taxation in New York especially in NYC

This country was founded because a bunch of elites in England (feel free to insert Washington D.C. for modern day purposes) decided to over tax, over regulate, take away representation and not because "it took a village."

Tim,Not to mention that the county assessor are way behind their reassessing of the lower purchase price that I’d paid for and the decline in nowadays property values (prop. 8); they’re still assessing me base on the previous purchased values, thus overcharging me $1500 in total; escrow was closed on 1/25/08 for one of them; they’d already overtax me back then without seeing any refund that they’d told me which I should have been received it months ago.Paul

I have been reading about carrying over tax deductions that exceed income on a rental to other rentals or to the next year. 

Using the 75% of gross income over tax return calculation method can be elected if the file is strategically put together as there are certain criteria underwriters look for to lean towards one side versus the other.

This will vary by state but in MD you file for a "Writ of Possession" However you probably can't do that until any redemption period is over. Tax