Ultimately it was your fault (or your CPA's fault) for not knowing the deadline, but if it is a first time offense occasionally the IRS will waive the penalty.It doesn't hurt to call and ask for the penalty abatement.

just sayinWhen you feel that your first line to your response should be "don't take offense", you can almost guarantee that the person receiving it will be offended. 

Say the phrase "fat loss" and your ad will get canned for offensiveness several steps before the submit button LOL.

Now is NOT the time to buy property at retail, the entire global market is hitting another peak, the US in particular is heading straight for another collapse of another bubble.

My solution, as to not be a negative nancy (no offense to nancies), would be to handle it like an RV park, and then lease the operation to someone.

Check with a lawyer, but some areas allow for expedited eviction if a drug offense is found. 

Maybe Surrey central.I know biggerpockets stresses to buy for cashflow however, I feel having a couple hundred bucks of cashflow is a defensive move, rather than an offensive move.

Global Realty Group LLC, in CIBOLO

I just started the Cert. program at NYU and it's going well so far.If you're interested in a real debate about Real Estate MBAs (no offense BP ;)), check out Wall Street Oasis and specifically some of these threads:https://www.wallstreetoasis.com/forums/mba-programs-for-real-estatehttps://www.wallstreetoasis.com/forums/where-was-your-first-job-post-mba-where-are-you-nowhttps://www.wallstreetoasis.com/forums/career-pivot-via-masters-in-real-estatehttps://www.wallstreetoasis.com/forums/msre-vs-mba-decision-looking-for-opinions-based-on-my-situationinterestsMy final point is that like you, I want to use an MBA to help build out my own portfolio.

No offense to anyone.You should be using QuickBooks to budget, forecast, cash flow, knowing how much you owe and own, when, to whom, where etc. and know your equity.