Hello BP folks,Here is a real scenario for one of my properties with regard to how to use the Safe Harbor for Small Taxpayers, Routine Maintenance, and/or De Minimis options.Property LCT has an original basis (just the building) of $70,000Here is the work performed on the property during 2016:1) The following done as part of a make-ready/turn over.  

In both sets of those example routine errors that >75% of tax professionals (who are mostly idiots, just like my profession) will make 100% of the time (and there are MANY others) it can be solved on a refinance transaction where timing isn't an issue, but our time-sensitive purchase transactions - where it takes the tax professional more than 48 hours to respond to a simple email with clarity when we have a 21 day close of escrow that the client is contractually obligated to (I'm already hearing your common sense objections, and do not disagree, but most tax professionals take days and weeks to respond to simple emails) - are sometimes screwed up.

It'll start to become more passive after awhile as the routine gets familiar. 

This routine of k-12 five days a week not only educates us, it serves as a daycare, and it preps us for the same basic routine of getting up in the morning and getting ready for work and clocking in on time, or there's consequences.    

HI Jason, Unfortunately, you must reinvest the net sale price ($750,000 less routine selling expenses) in order to defer all of your taxable gain. 

It's usually done as a percentage of your rent payment, and would probably depend based on having an inspection done.In general people set aside 10% of gross rent for management, 5-10% (or even more) for routine maintenance, and the same amount for CapEx unless you know something needs to be replaced sooner.Provided the renovations on this house were done completely and correctly I would use between 5-7% for repairs and maintenance.

For a long distance landlord, it is essential that you inquire about regular/routine inspections with in your management agreement.

as stated above not only do U have partnership issues .. but 100% finance on rentals is a slow death unless your able to routinely buy FAR under market.. and it can be done but hard to scale as there is a lot of competition for those assets..

Context: long time friend, he is the sightly paranoid type (doesn't like online banking, loves routine and hates change).

Or, a charging order may be granted.If you're going the umbrella insurance route, perhaps see if it will cover you for several things including just the routine slip and fall (like mold or earthquake).