Sold to tenant before having to pay capital gains tax (extended occupancy test due to military move).

Your combined personal tax rate of 30% could apply to state and federal taxes depending on jurisdiction.

The IRS tends to scrutinize W-2 employees claiming REPS, and there is only one tax court case I know of where a W-2 employee qualified.

Again, the seller refused (although I'm not sure if this would've been resolved legally at settlement regardless). (3) The cell tower was additionally paying a portion of real estate taxes which we were unable to confirm how much they were responsible for and if they had held up their end in recent years. (4) Cell tower had the right to purchase the lot for $1 at anytime during the lease and the right for an additional 2,500 SF of ground space.In the end we backed out at the end of the due diligence period in order to recoup our earnest money.

The liability from the DSCR loans will still be calculated on your business tax returns.

@Jeremy Altdorfer  Just adding to the above, the rent should be on Sch E of their tax return. 

The first year we got losses on our taxes which we anticipated.

We would like something that can compute CAM and taxes, etc.

That may include all costs such as overhead, personnel time, office, taxes and so on.

I just finished their taxes with their CPA and I can say from first hand knowledge that real estate is the most effective way for immigrants to obtain the American dream.My parents immigrated to California in their 20's from Asia with no money, and could not speak English.