Without that there was NO proof that you even had a deal and thus no indication that you should have been putting an additional dime into this deal.Second, the foreclosure case should have been examined to determine where in the civil case the two parties (plaintiff and defendant) were.Next, the sheriff should have been contacted to ensure that the property had not yet been scheduled for sale.

Your are here on a forum defending  your "mortgage guy" told you that anyone who doesn't own a home is a first time buyer.

As for the deduction for paying people in cash, it depends on what your tax advisor is comfortable defending should you be audited.

(plaintiffs) vs. assets and capital llc (defendant/cross-claimant) with the property owner as the other defendant.

If he "can't find" the case number you can also look it up by the tenant's name since they will be the defendant.

These people are typically easy to pick out, as they usually have only a handful of posts, all of which are used to defend the business.

That being said, I can't defend Houston and the like... every time I'm down there I'm in awe of the residents.

Call me crazy but even if you only get sued for only 1 house in 1 llc, you still have to get an attorney to defend you.

That way you can defend any numbers for an audit.I would also provide a log of time and expenses allocated to the rooms so you can track those expenses with each room and if it was personal or business expenses.I am not sure on deductions because my background was financial statement audits.If you have any questions I would be happy to help.Feel free to message me.

Hard to defend against when not using an intermediary service which shoulders most of these risks, which most small businesses don't do.