Provided I meet the income limitations, I am allowed to use my net passive losses to reduce the amount of income tax I might have to otherwise pay on my other ordinary income.

Not sure what you mean here-short sales are treated as cancellation of debt and taxed as ordinary income-- if you are referring to the mortgage forgiveness debt relief act as the "tax waiver"then it was extended through 2014.

You will pay ordinary income taxes at your marginal rate.

If you buy and sell the property in less than one year, the gain is short term and is taxed at your ordinary income tax rate. 

The operating agreement also defines what's considered ordinary management of the LLC and what's not. 

@Brit Foshee First nice job on the residential property sale.For commercial financing it really depends on your deal size & property type.  

They should take pictures of anything out ofthe ordinary and report to police.My wife's hair salon got tagged with graffiti.

Also, flipping profits are not cap gain taxes, they are taxed as ordinary income.

If you have a tenant with a good job that they aren't willing to quit, this situation is perfect.As to the actual amount of your judgment, the courts will award you damages to the unit as long as they exceed "ordinary wear and tear".

I am happy with the inspection, nothing too out of the ordinary.