As in the title, my 1st floor tenant recently clogged his toilet, causing it to overflow, and a good amount of water got through the 1st floor, into the basement's ceiling, and subsequently, floor.I'm a newbie landlord (just started last year), and not quite sure where to start in terms of getting a quote for repairs.

A single member IRA LLC can continue to be funded via IRA contributions or transfers, and the reporting for such an entity is very simple.By contrast, when an LLC is formed as a partnership between two separate IRA accounts belonging to a husband & wife, the resulting entity is subsequently considered a disqualified party to either account, and no future funding may occur. 

., title 'gotchas' could be IRS liens that you missed (or are in the name of a co-owner that you didn't see), subordination agreements that change the priority of loans, old unreleased deeds of trust (especially HELOCS that were paid off in a refi but not closed and reconvened and subsequently drawn back down), loss of legal access due to a license but no easement, unintentional land locking by leaving access out of the legal description, and if I sat here long enough I could probably think of 50 more.

My best guess is because it is not a "common enterprise" as described in the Supreme Court "Howie" Case.You may also have state laws to contend with.

I'm optimistic that the Trust will not be considered a disqualified person based on the IRS definition... (5) any direct or indirect owner of 50% or more of any of the following:the combined voting power of all classes of stock entitled to vote, or the total value of shares of all classes of stock of a corporation that is an employer or employee organization described in (3) or (4);the capital interest or profits interest of a partnership that is an employer or employee organization described in (3) or (4); orthe beneficial interest of a trust or unincorporated enterprise that is an employer or an employee organization described in (3) or (4); The 3rd bullet references a Trust and it mentions the beneficial interest and not the trustees.

(e) The purchaser of a tax lien certificate may transfer and assign the certificate to any person, and the transferee of a tax lien certificate may subsequently transfer the certificate to any other person.

BFP (without regard to whether BFP has recorded)This means that a subsequent bona fide purchaser for vale (BFP) is entitled to rely on their lack of notice (as evidenced by the lack of recording).

@Jibu VergisIn my experience, most magistrates will allow you to add the subsequent late rents to the monetary judgment.

The City of Boston requires all rental units to be registered with the city, for a cost of $30 the first year and $15 each subsequent year.

THREE WEEKS LATER, After discovering the guy was homeless and, unbeknownst to me, was living in his truck and then subsequently squatting in a bedroom, hiding his sh!