In most cases, affected taxpayers need to fill out and attach Schedule B to their tax return.

I've been buying and holding for SFH's rentals for 15+ years, but my goals now are Cash flow (70%) and Appreciation/Equity (30%) so I can invest faster/grow more in shorter periods of time.I ran this: View report on BP as a really rough test for investing in this property (3-plex, but also offers an attached 3-plex for consideration). 

I put Bitcoin into that category because of the swings it has, without being physically attached to anything.

I currently don't have anything attached to my illinois llc but may in the future

Tax considerations and emotional attachment should be considered.

Please advise what steps I need to take to avoid fines or imprisonment as stated in attached leter.

-I attached this second loan to the first one I set up.

(We turned the attached 2-car garage into a 4th bedroom, adding equity and cash flow.)

If the owner redeems, or if you buy out the owner's rights and then YOU redeem, all of those liens re-attach to the property.BTW, do not count on buying vacant lots and building something on them.

My tenant of 1 year just moved out recently (work transfer), but during the move-out inspection we found that one of the 10X10 bedroom has all four side of the wall covered in screw holes from the time they used it as a computer room (I believe the holes were from the sound deadening foam that they used to attach to the wall) So I was wondering what would seem to be a fairly reasonable cost to be deducted from their Security Deposit for the excessive holes and needing to repaint.