also waste water treatment 140 month, 115 month electric, 15 month water, and 360 month garbage.

In most cases your liability would be limited to the amount you invested, and this entity would most likely receive pass-through tax treatment (as would an entity that you'd form for the purpose of making the investment so from a tax perspective it adds no value). 

Tax treatment is different based on how you have structured it.

When you get into smaller towns and rural areas, you might find that the infrustructure is not adequate. a motel might require a sewage treatment facility, better know that before you buy the property!

Regarding processing Roth IRA distributions, the tax treatment of Roth IRA distributions depends on whether the distribution is considered qualified or nonqualified. 

I also missed a small amount of termite damage that was dormant but under Indiana law, if there is no evidence of treatment in the last five years, it must be treated if there is any damage.

After several successive treatments the smell was neutralized.I found this article that might be a quicker solution.

On average we see roughly 5-10 jobs per week ranging from Flood damage repairs, Vandalism repairs, Theft, Waterproofing, Mold removal/treatment, Demolition, Flooring, Windows doors etc.

Hi @Pavan Sandhu, The sale of your primary residence will not qualify for 1031 Exchange treatment.  

Here are the numbers:Purchase Price: $200K (VA loan) My 2nd, and I do still have the first as a rentalVA loan terms: $0 down with 25 yearSeller paid closing costs: $8K ($1K back at closing for earnest money and appraisal, plus $2K paid to a credit card)Commission:  $6K (went to my wife, sellers agent did not receive a commission)Extras:  $1K termite treatment, $1K radon mediation, $500 home warranty for 1 yearThe plan is to finish the basement, and pay down the mortgage so just in case something happens we can refinance and rent it out.