The bundles really have gotten heavier over the last 15 years because I always use "archetectural" grade (dimensional) shingles and they used to be 4 bundles per square, now they're 3/square just like 3 tabs.I have bought some "odd lots" off of Craigslist (they now have a "material" classification), and turned down 10 squares once (at $8.00/square) because the bundle wrapping material had deteriorated and it would've been a ****load of work to load them up and then get them onto the roof.

And if you have taken any classes in the Los Angles area if you could provide the name of the class if you liked it that would be greatly appreciated.Thanks.

It is also not apporiate to compare a liquid asset to a non-liquid asset, RE is not traded for cash within short periods of time at it's "current" value, for a quick sale the price is discounted to increase demand, much more than a quickly traded asset.The assumptions Dion pointed out with the classifications or grade of properties is really areflection of the uniqueness between properties.

I listen to them on long car rides or bus routes to and from class. If

Since I am new, I was not sure if rentals would have any specific property tax considerations vs. some other type of investment property classification.

In case any one is interested, I just read some of the tax notice paperwork.State Code (§11-8-5) Classification of property for levy purposes is as follows:Class II; All property owned, used and occupied by the owner exclusively forresidential purposes.Class III; All property exclusive of Class II.In WV, they tax residential rental properties as commercial.  

First of all, ignoring the complicating factors referred to above, you and your wife would acquire a certain majority percentage of the property and it would be classifed as investment property for you and your wife and you could structure a 1031 exchange upon the sale provide you truly do treat it as investment property.

Question 3 on Form W-9 requires the service provider to indicate their federal tax classification so you can determine if they are exempt. 

I understand R/E income is a "passive" income for tax classification purpose.

It would make scrubbing crayon off walls and snaking Hotwheels out of toilets and scraping fingernail polish off the hardwoods so much less onerous.As for the "unmarried couple" part, I'm pretty sure that's a protected class, if not federally then probably in SF.