I would strongly recommend that you not do a "self help" eviction by locking them out...And you need to seriously modify your screening process as that's the source of these problems.

However, if your modified adjusted gross income (MAGI) is above a certain threshold, you may not be able to deduct the full passive loss in the current year.It's crucial to work closely with a tax professional who can analyze your specific financial situation, taking into account all income sources, deductions, and tax implications.

If the borrower is facing financial hardship or other circumstances that have led to the default, include this information.Loan Value: Clearly state the original loan amount, the new modified loan amount, and the difference between the two.

This study involves identifying and reclassifying personal property assets to shorten the depreciation time for taxation purposes, which can increase depreciation deductions.Local Assessments: The property tax bill may provide a general indication of the value allocated to land and improvements, but it may not necessarily align with IRS guidelines for depreciation.It's important to note that for tax purposes, the IRS requires you to use the Modified Accelerated Cost Recovery System (MACRS) for depreciating residential and commercial rental property.

I've seen various NNN or modified Net leases where the tenant does not complete simple preventative maintenance on items like HVAC units (which end up with major repairs or need replacement) or parking lot repairs (asphalt and concrete are very expensive to replace).While considering NNN leasing be sure that you or your representative visit the property periodically and following up with the tenant to be sure repairs/maintenance are actually happening.

Stay consistent for at least 6 months before deciding if you need to modify your approach.Re:  attorneys, yes, there are a few who get leads that way, it takes time and relationship building, not a simple phone call.  

I would Google the California Association of Realtors lease and modify it as necessary. 6.

I have a question regarding modifying a defaulted 1st lien on a property.

Yet all of the data to the right is BOLD.I'm just not clear on which cells should be modified and which ones just show calculations.Also, the row that shows "Expenses".

Also, is it possible to modify a payment plan for the delinquent taxes?