Even the best property management companies (PMC) struggle with:- Finding reliable handyman and contractors (ServiceTechs)- Same with affordable ones- Tracking preventive maintenance- Tracking previous work for potential reoccurrence warranty coverage- Understanding tenant reported problems, so the correct ServiceTech can be dispatched- Determining if tenant is at fault for an issue & should be charged - and will proof stand up in court?

All the IRS cares is that the taxpayer is the same. 

If you tell the IRS it is an expense, it is no longer income.W2 income does not use a 2 year average for your base pay! 

Hello Everyone! I am a young, new investor looking for some advice on a potential buy. For some context, I have been listening to Bigger Pockets for over a year now and have big ambitions to get into investing. My wif...

What types of IRS/CPA approved payments are working well for rents to LLC entities to keep personal and business funds from co-mingling? 

Determine the price that attracts the investor, stop the bleeding and and move on.

Be sure to weigh the pros and cons, and consult with your lender or financial advisor to determine if recasting aligns with your financial goals.

You cannot use comps to determine basis.

We recommend learning to evaluate assets, determining which one is good and then if you can't afford offering a true buyer the deal plus all the due diligence as added value.  

If your project incurs losses, they can help determine if those losses offset your other income or if they are carried forward.