a 4 unit is on the edge of being considered a commercial property, usually up to 4 units is still considered residential and the value is based on the market, like a single family home. the bank will get an appraiser out and could value it either way, if commercial, it is based on the cap rate for the area and your figure would be right. but banks will also look at DTI to make sure you will be able to pay the loan and want to see your past tax filings. since you already own the property they know you have experience running the property which would be easier to get the loan then if you were new and just starting to buy it. look up 4 family homes in your market and see what they are going for and have gone for.

I'd like to add my name to the list of those who'd appreciate a copy of your file once you figure out the best way to share, just as a way to "compare notes" and see how I might improve my system. 

Part of this is a funds-matching TSP---take advantage of that.Finally, something to file under "investing in yourself" - while you may know of the GI bill benefits, while your on active duty you get up to $4,500 in education benefits per year you can use.

Do you file taxes jointly or separately?

You would have ongoing filing requirements with the State and would need to keep business records and documentation.

As for using your Can corp, any sale you make held in the Corp may be subject to FIRPTA where the buyer/title withholds 20% of the sale price until you file tax returns the following year.  

Any pointers would be greatly appreciated.It's a small amount of money, so I'll be filing myself.

We filed eviction and are currently in the process.  

So I satisfy the “2 out of 5 years” rule that allows the home sales profit from capital gains tax exclusion.I was wondering what documents do I need to submit when filing taxes for 2018.My tax person says that no documents need to be submitted to prove that, and me just claiming It is enough.Looking for second opinion.Thanks,Animesh

She also accused me of going through her personal files to find her full name, even though it appears on her Venmo account, where I pay the monthly lease payment and the utility payments.