@Cody Anderson Currently I'm making $3,800 for the 3b/2ba unit and $1,800 for the studio (the other side of the duplex) for a total of $5,600 per month.

Depreciation is another powerful tool, allowing you to deduct a portion of your property’s value annually.Action Step: Keep detailed records of all expenses and consult a tax professional to ensure you’re claiming every deduction you’re entitled to.3.

Also keep in mind in LA most of those lots were created from 1900 to 1950s and well they are lots of record.. and were developed with the standards of the day..

Our records show that your subscription is set to auto-renew, and no action is needed from you to maintain your listing tenure.

LLCs are a legal tool, not a tax one.Transfer from personal name to LLC/Due On Sale ClauseIf one is transferring property title from personal name, a Grant/Warranty Deed would be drafted/recorded to transfer title.

He's right and if it does come to that, stick to the facts, keep a record of when everything happened.

Do you have other collateral, such as another income property or your personal residence (last resort) your seller could record their lien against? 

@Jason Monaco I sent you a link to the recording.

prices are high, interest rates are high, there is tremendous demand for inventory, and - one thing that doesn't get mentioned enough - a record number of properties are debt free. 

They must sign the form.The IRS offers an online tool that lets you check if the tax ID the contractor gave you matches the IRS records.