Go to the San Jacinto monument find out what it’s about, find out who put that star at the top of the monument, go to hill 223 in North Korea and find the spot where a sergeant/wartime 1st lieutenant fought with his Texas boys, go to that part of Texas where your doing 70 and the person ahead of you moves over to the side shoulder doing 60 and let’s you pass them and not do 60 in a passing lane, look at the bluebonnets along the highway and think of Lady Bird, drive 3 hours to try to find the best barbecue in the state and wait an hour in line, try butter pecan ice cream from Bluebell, if he is still playing or alive go watch Johnny Reno and the sax maniacs.You don’t have a tax issue.  

This duty applies to all leases, whether written or oral.

Currently net capital gain is generally taxed at rates no higher than 15%, although, for 2008 through 2010, some or all net capital gain may be taxed at 0%, if it would otherwise be taxed at lower rates. " I believe the 35+% you are talking about is if you treat the sale as ordinary income, which you wouldn't.

Here goes: On the Rental app In the first section it says "anticipated move in date, at a monthly rent of , and then "utility" fee...if the tenant is responsible for some or all of the utilities what goes in this section?

It may not feel as productive since you are not acquiring a new property but you are using it to expand your business in a way that should return most or all of the HELOC money to you.If you use the HELOC money as a down payment for a more traditional loan on a new property, you will have to pay back the HELOC in installments on top of the mortgage and other expenses which will cut into that new cash flow possibly for years.

You could try opening conversations with your seller and their agent, but it comes down to an inadequate inspection, :(On the flip side, rat infestation is not hard to handle (as opposed to termites or mould).1. 

Both S-Corps would then capitalize the Partnership LLC so it can acquire properties (whether that's only the down payment or all of the funds, it doesn't matter).Have the "Partnership LLC" acquire the properties and pay out to your partner's S-Corp for the repairs made.

And link the transactions that coincide with that "class" and then do a Profit and Loss by Class report to see everything regarding one class or all classes at one time.The only time you don't want to created a mixture of misposh, is if you have to assign Tax LInes to each of your transactions. 

INADEQUATE PROTECTIONS FOR FINANCIAL INFORMATION“Business owners should guard their financial information very carefully, both inside their business (from employees who can use the information on behalf of a competitor or to share sensitive data with customers) and outside (for example, from people who might obtain a judgment against the business and then place a freeze on accounts that they are aware of).Consider using a bill-paying account that is funded with only enough money to pay the bills.

But Nancy's point is very well taken: there is something to be said for and much to be gained by doing some or all of the work yourself.