Hi, new to the forum here and I am looking into incorporating my rentals under a single entity and I am wondering how this would affect passive losses that have accrued over time? 

They are excellent tenants.The other tenant was having trouble paying the full rent at the beginning of the month and was falling behind, accruing late fees.

Just out of curiosity, if you're just starting, why would you be looking in 4 different markets? 

Hi there, out of curiosity does this apply only in Seattle city limits or all of King County?

I don't use Quickbooks, but for income tax reporting, all the money directly spent on a flip property is accrued until the property is sold, at which time the accrued amount becomes the COGS for that property.  

At least on BP, most of us are driven by some level of intellectual curiosity.  

Out of curiosity what do you feel you would be gaining from only working with a listing agent, and not having your own representation?

And yes you can borrow from a life insurance policy but will accrue interest and when you die the cash value will be deducted from the proceeds available to your beneficiary.

Out of curiosity, where in AZ are you?

Vlad - here's another way to think of this:Either you are purchasing the asset (real estate) or buying the equity.In the latter scenario, I use an Equity Purchase Agreement that spells out the terms in a very simple format.Total price for equity is ____Based on loan or liens balances estimated to be ____Back payments ________Any actual balances that are higher to be deducted from sellers netAny balances that are lower shall accrue to buyerYou can structure your offer based on my ONE - TWO - THREE formula:1) $ for signing2) $ for possession3) $ for marketable title or seller carry back noteTry to leave lots of white space on your proposal so seller isn't distracted by legal weasel clauses.