Are your properties held in a LLC?

I purchased this home in 2008, and  have held it as a rental since then.

Are annual meetings being held by shareholders?

At the end of the meeting they had talked her into a purchase price of $200,000 for a property she didn’t even plan on selling.At the same time, they had already assigned the contract to a second investor for $300,000 – with the agreement that the second investor would pay a $100,000 assignment fee to the original investor and real estate broker.The second investor sold the property to a third investor for $360,000 two weeks after the closing.Finally, the third investor held the property for eight months and sold it for $520,000.That wouldn’t happen to any of us right?

Poker table with chips and cards. 

My strategy for this question is looking at a fairly large property on a county held list. 

You just need to report 1 activity - You don't need to split it between the period you held it personally and the period you held it under the LLC.Schedule C is for business/ordinary/active income.

Hi Joseph, I just held a meeting today regarding very similar topics with VA lending specialist.

He was not great on paper but held himself well and showed he makes good money but now he’s just not paying.

This rule ensures any deflation in value occurring while the property was held as a personal residence does not later become deductible upon sale of the rental property.