Sincerely,Stevan

I sincerely appreciate the advice. 

Sincerely, Future Real Estate Investors

Eventually, CPA Neighbor advised all parties that since rents were being paid, the rental income must be reported, and taxes must be paid on the rental income kept in the Safe-Keeping-Bank-Account.

newbie here too. just wished to introduce myself. formerly from washington, dc, i'm just getting started in the staging arena in california and i'm looking to make some connections as well. thanks and sincerely, sydney

Sincerely,Michael Nijhawan

I’ll share reasons why:1) I view each of my properties as mini annuities or pension plans whereby in 30 years, they will pay me a fixed income net of accruals, insurance and taxes 2) I want to ride the appreciation since real estate performs decent when pegged to inflation rate; further, the depreciation and tenant paying your mortgage is a win win for me3) I hate paying taxes.

Dear @Bill Brandt and @Theresa Harris,Sincerely appreciate the valuable advices!

Since rents have continued to increase, you shouldn't have a problem increasing to market in this situation.

As for accounting I don’t think you’ll have good outcomes when you don’t “divulge” info to thembut thanks for #4 that’s a winning attitude and I mean good luck sincerely