I am not an accountant in any way, so please let me know if you need clarity.

It takes an experienced, trained, and local attorney to make a prediction with any kind of clarity.

My family is getting sick of those camping trips anyway.But for clarity, if I skipped the vacation that needs a loan, my primary house is mortgage free, and I cash out refi my primary for $100000, shouldn't the traceability be easy if I take those $100000 and pay down the mortgage of the rental?

If he does, he will always be subject to his advice being "second guessed" by the seller, or his attorney, who will be hired after a drinking session at the seller's favorite bar when his buddies, with little knowledge of real estate, all tell him how he was "swindled" by the buyer.I hope this adds some clarity. 

This has been especially frustrating as I live across the country.After 6 months of suffering, I finally got clarity on how meters should be assigned: Entire house has a shared gas meterUnit One (1 BR) and Unit Two (1 BR) each has its own electric meterUnit Three (2 BR) shares an electric meter with the basement, which only the tenants in Unit One & Two have access to for laundry (Unit Three has in-unit laundry); apparently this meter also powers the fan for the furnace and the hot water heaterI'm seeking advice on how to fairly charge Unit Three for electric usage.

This makes a lot of sense and gives much clarity in making a decision on 2 properties I was considering. 

Schedule E business add-backs are limited to:-Royalties Received-DepletionNow that we have some clarity on the business income we can address the rental income.

Being sure that he has handed back possession is important as there are rules here about that and I want to change locks once he is out. if there is not sufficient clarity that he has returned possession then changing locks could be a breach of landlord and tenant laws here.I am not sure what to do.

Hi All,I may be in a unique position to provide clarity on a few of the issues raised above.

Thanks guys for the clarity.