Under audit the IRS takes the position that the property is placed in service when it is first being rented, not when you list it for rent.From a practical standpoint you will find yourself pissing into the wind by trying to argue it was placed in service before you completed all of your repairs/improvements.

I have 3 accounts: Rent, Operating Income, and DepositsI would suggest NEVER mixing any of your rental income/expense funds in with your own personal accounts... if you were to get audited it makes life just that much harder to show where the money is flowing. 

The new building was likely larger and even had more of it.I haven't had any clients audited on CSEG or 1031 exchanges nor have I seen any rulings. 

We exclusively do multifamily in the midwest, and have found amazing cash flow opportunities and have an audited track record of 31% IRR for our investors.

They then said I had to bring 25k cash to close, and even after a value audit, they only gave me a 145 ARV. 

You will be sorry if you dont and the IRS audits your return.

Has anyone been audited by the Employment Development Department / DE 231TA?

Ive had clients flip remotely but they use my referrals so was somewhat audited workers.

I have heard (complete hearsay here) that during audits the MREC looks for dates of Buyer's Agency being signed compared to dates of other activity i.e. showings, offers, etc.Hope this helps.

(CRMC).These are companies that have been audited by the National Association of Residential Property Managers and have demonstrated a high standard for both procedures and customer service.Again, I believe the best way to find a good property manager is to seek a property manager out and has invested in advanced training and education and has attained designations, usually they also have years of experience.Kevin