At the risk of being a tax practitioner on this thread correcting someone...you're actually supposed to report number of days the property was rented at fair market value on Schedule E.Software will examine the fair market rented (FMR) days and the relationship of the FMR days to the personal use days for treatment under Sec 280A (which involves personal use of rentals and properties rented less than 15 days).The tax treatment for a property available to rent 365 days during the tax year but rented 0 days is much different than a property rented at fair market rates for 365 days.

Hello, everyone.Still relatively new at this and learning more processes. Can anyone recommend some good investor friendly attorneys ( I hope to find at least 3) in Chicago. Perhaps some who can explain their roles at...

If there is an internal problem like a gas valve, rusted heat riser, bad circulator pump or (gasp) a cracked boiler, you better buckle up.When we have a situation where an owner we represent has to put in major money in repairs or must replace a regular gas boiler, we always examine the possibility of installing electric baseboard heating. 

It's critically important that you examine the underwriting and assumptions made in arriving at any particular performance projection to see if the projections make sense and are reasonably achievable. 

So I've been working on a tool that not only automates this process but also builds the intelligence behind it.The Relevant Information:A summary report will be available for each property for the investor to examine all the gathered fields.Property DetailsOwner InformationTax InformationForeclosure Case InformationDocket EntriesDefendant InformationMortgage PositionLiensViolationsOpen PermitsThe Intelligence:We created an easy to understand analysis that will give experienced and unexperienced investors a “birds eye’s view” of issues on any given listing using Icons, along with detailed explanations.No issues Found:Proceed With Caution:STOP!

I've been trying to come from the perspective that we need her cooperation and would reflect it upon examining her SD.

I've examined a couple of reports but this is I am really trying to figure because it may be a deal ill get into as a house hack. https://www.realtor.com/realestateandhomes-detail/...The above is the link to the listing.

A good way to do this is to identify what caused the extra costs on past projects and examine how they could have been avoided.

Those structures I plan to discuss their cost to construct new as well as examine their condition to estimate a value. 

Not to mention most sellers aren't going to give you unfettered access to walk every unit on a property and examine all major mechanicals before you have an executed contract.I'd recommend reading https://www.amazon.com/Complete-Buying-Selling-Apa...