You can generally look at a property and tell. 3 units but only one electrical box?

. ;-) The following is just general informationIt sounds as though the seller has an investment to sell, not his private home.

In general, would you recommend getting a lawyer in the area where the LLC is registered?

Even in a lousy economy, college towns generally grow in demand because people go back to school.  304 N Jefferson Moscow ID - Single-family craftment house on triple lot in R4(high density in my town)  Price - $325K, $100K down owner carry 5%, I am converting into a duplex. 2BR 1 BA - $1600,  4BR 3BA $2600. 

I have some clients who prefer to have a PM for maintenance/contact/rent collection/general management and will place tenants and write leases for themselves in exchange for a reduced rate.  

(Like I think Craigslist is still one of the best websites on the internet, but for some people it's a total turn-off because it still looks like 1995).Capterra.com is a great site for research in this category (and business software in general). 

You do have to purchase at least as much real estate as your net sale if you want to defer all tax.TICS are generally cash deals. 

The $100-$300/month amount is just a generalization - but the point is, on a monthly basis you don't see a huge income per property - and you also have to absorb repair expenses and such as well.   

We are in Tampa so a similar market.We provide a starter set which is clearly communicated to guests (thought some people do not like it and clearly do not read which you cannot help) generally consisting of:- 2 Laundry Pods- 2 Dishwasher pods- 2 Rolls of Toilet Paper per bathroom- 2 Paper Towel Rolls- 2 Trashbags- All soaps are refillable including dish soap, hand soap, and body washes/shampoos.They are expected to get their own should they run out of anything. 

How would this be accounted for for general accounting and taxes?