Some of my friends have been fighting back. https://www.seattletimes.com/seattle-news/politics...

The good news is if you find something worthwhile you buy it for face value, no bidding.

View report*This link comes directly from our calculators, based on information input by the member who posted.Just came across this deal. 

Quite honestly, all this will do is complicate things for you (as it did for me)...essentially, since they are both single member LLCs, you'll basically have to report the separate activities on two separate Schedule Cs for income tax purposes...

Anyone have a referral for a general contractor in who might be able to give me a ballpark estimate based on a POS report.  

View report*This link comes directly from our calculators, based on information input by the member who posted.

I see a lot of returns where depreciation is calculated incorrectly - Just throwing that out there as it may help to have it reviewed prior to reporting in case there are any changes to depreciation that may save you money. 

Because I was requesting seller financing for part of my down payment, I requested a copy of the credit report the bank pulled to share with the seller.

Essentially you are asking the seller to report on the actual rent collected and expenses for each of the previous 12 months on the building. 

If you and your wife file a joint return then from the federal perspective you and she (or rather the tax return that reports the activity of the properties - all of them both from during your marriage and before your marriage) are one and the same tax payer.