A buyer agreement is the legal document that provides the agent with the assurance that he/she will get paid if they work with you to complete a real estate transaction. 

The information shared is based on my experience and industry knowledge and should not be considered legal, tax, or financial advice.

Or are you talking about a third-party REI calculator tool that you like and use?

If you hire someone typically they are the ones providing this information, but if someone is paying you, then yes they need this information for tax purposes.BTW - I would say your SS# has been hacked so many times and is on the black market already this is why we monitor ours through other parties or just lock it down at experian and other agencies if you are concerned about it.

@Scott Isbister Do you know if Calgary has finalized the ability to legalize secondary suites in attached dwellings.

It is an expense, but they keep it all legal and compliant.

A lot of forum members are experts in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, buy and hold investing, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.There are some pretty nice discounts on many products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, the Bigger Pockets blog features links to their fantastic podcast and many great articles: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.

Is the basement legally considered living space?

They take jobs from Americans, usually minority groups and legal immigrants.

I learned so much along the way, including navigating the legal process needed to remove previous owners (squatters) who did not want to leave.