That is what the security deposit is for and if need be, the small claims court system.

. $800 yearly tax for each LLC.

I also require additional security deposit and sometimes a guarantor if they were approved in this manner.I also agree that this situation sounds like a pattern not a one-time mistake or short term tough situation that caused this.  

Everytime you get close to depreciation running out (or want more) you 1031, expand your holdings, and your tax write off. 

Unless there is a reason to submit your tax returns, you could go w2-only. 

Instead, it could impact your cost basis in the property, which would affect depreciation and future tax calculations.

but keep in mind CA has higher taxes and reg fees and I’m not doing more than 1-2 flips (short timeframe flips)  a year and many years do 0 flipsDo most flippers put flips into LLC Or in personal name (sole proprietor)  in CA (where you must pay $800 yearly plus accounting and other fees $300to $600+ yearly to maintain LLC) Pros for personal name-save on taxes accounting.

I don't think our detroit land bank sale properties with tax liens I would have to look into that. 

It reminds me of one of the TAX sale how to traveling freebie events that came to town last spring..

Over the years, I’ve gained hands-on knowledge in a variety of areas, including tax liens, tax deeds, rental properties, and fix-and-flips.