https://wikitia.com/wiki/Pace_MorbyWell, while I don't blame a man for something his dad did, I do expect a man who is making a lot of money to make right by the people he has ripped off.If he treated people who trusted him this way, it won't end well for his current scheme. 

I would go extra on the due diligence e with this one or pass.Usually if the owner does not keep good records, it is a sign of how the treat the property, so, when they cannot provide it, I usually pass on them unless it is a killer deal...

You can make an election under IRC Section 469(c)(7)(A) to treat all your rental real estate interests as a single activity -- an election to aggregate them all.

If that’s the case here are a few thoughts:1) Treat them similar to a spouse, would you rush to get married?

Montgomery sounds like it’s treating you well.You really nailed the numbers on this one.

I can prove my hours because I started my accounting firm in late September, which means for the first eight months and three weeks of the year, I was fully focused on managing my two multifamily properties.By using the grouping election, all of my real estate activities would be treated together.

These costs would need to be amortized over the life of the loan or treated as capitalized expenses.

Then you can treat the mold it will not return.This is a great resource to keep for yourself and tenants: https://www.epa.gov/mold/brief-guide-mold-moisture-and-your-...I suspect your tenant is doing something that creates excess humidity in the home.

You treated them as part of your personal finances when you wanted to lay your hands on some money BUT want to think of resulting debt as part of the business and are frustrated that the rents aren't covering that debt.

Sending notice (wherein you notify the tenant of how you are going to treat the tenant's notice of early termination) to a tenant who gives notice of early termination is a good idea.