check with your insurance agent.. also federal law dictates that when your owner occupying your 1 to 4 unit you don't have to follow the normal fair housing laws.. you can pick and choose who you want to live in the units .. now some cities or states may have overriding rules regarding this.. but federal law is clear.. on owner occ 1 to 4.. your exempt from fair housing.so you can have a dog and you could restrict dogs for others.there is a well known list of aggressive breeds that insurance companies wont insure.. this is easy information to get.

If sold before his death a good estimate would be pretty close to 20% of the selling price in federal taxes. (15% on the capital gains which is nearly 100%) plus 25% on the building’s depreciation.

We’d like to transfer their interests to an LLC – however, we do not wish to be treated as a partnership for federal tax purposes. 

When people refer to the Federal Reserve “setting rates,” they mean the effective federal funds rate or the rate at which banks charge other institutions on an overnight basis.

You will owe 15% federal capital gains on your net profit.

The Federal Housing Finance Agency (FHFA) gave conditional approval on Friday for a pilot program allowing Freddie Mac to purchase SFR closed end second mortgages. 

Once you are officially evicting, that means start the process with the city, you can get the Federal Marshal to present, and eventually get them out for you.

I do have to pay state and federal taxes. 

If you are earning income of any kind, the folks at the federal government want their piece.

Tax implications are never based on local laws because we are talking about FEDERAL taxes.