Property taxes and insurance. 

@Marcel Johnson @Rick AlbertOn Tuesday May 14th we're hosting a meetup in LA which will feature a guest speaker, CPA Edward Markaryan, who will be going over Tax Strategies for Short Term Rental owners.  

At the time of purchase my taxes were just about 10k and now my taxes have increased to 14k.

I cannot find the owner as the address tax records are in an llc with no contact info and the office address on the data doesn’t exists.  

Tennessee doesn’t have personal income tax but if we create an LLC we would have to pay state income tax.

Make sure the rent from the other parts covers your loan, taxes, and other costs.

Banks often require you to have a full set of documents including an accepted offer in their files and the short sale case oened 37 days prior to the auction date. 

b) How do the taxes work? 

I asked about a recent deal, and he was proud to tell me he’s just in the middle of his first.A local RE broker found an “old lady” who owned her home free and clear but with $83k in back taxes owed.

Need advice on dealing with my current/former tax preparer, and what to do in the future.1. thought I had a great tax acct who got a great refund last year.