Keep detailed records of income, expenses, and improvements, and choose the right filing approach based on your comfort level with these rules.This post does not create a CPA-Client relationship.

So it's a loan....You just detailed a loan. 

An investor who is buying the duplex next to mine wants to trade a duplex he owns in a neighborhood nearby so he can have 2 duplexes next to each other (long story no need for those details). 

After conducting thorough due diligence, including a professional inspection and market analysis, the property was acquired for $72,000.Renovation and TransformationThe renovation aimed to modernize the property, enhance its appeal to potential tenants, and maximize its long-term value.

Start by serving proper notice of the management change and request payment details.

I can into this at length so if you need more details let me know but for the sake of time - it's allowed.3.

Show up prepared, ask thoughtful questions, and take detailed notes.

I reached out to the seller to request details of the repair and asked why this was not mentioned in the seller’s disclosure.

I was recently sent details about a 20-unit apartment complex that I’m interested in, but the seller's asking price doesn’t align with the numbers I’ve run.

So obviously many of the LPs appear to make these investments not really knowing much detail..