Consult with a tax professional or accountant to ensure you follow the appropriate procedures and documentation.Tax Responsibility: The $2,000 of income not covered by depreciation and deductions will be part of the taxable income for O1.

Proc. 93-27 provides that (except as otherwise provided in section 4.02 of the revenue procedure), if a person receives a profits interest for the provision of services to or for the benefit of a partnership in a partner capacity or in anticipation of being a partner, the Internal Revenue Service will not treat the receipt of the interest as a taxable event for the partner or the partnership.""

Consult with your HSA provider for guidance on the proper procedure for documenting such transfers.It's generally a good idea to consult a tax professional or financial advisor for specific advice on handling your HSA funds and investments, as the rules and regulations surrounding HSAs can be complex, and individual circumstances may vary.

I'd rather go through an "official" procedure and cover my behind just in case.I imagine that each state has different procedures.

Ask about what their processes are to react to maintenance, rent collections, tenant inquiries, applications, leasing, etc.....If you don't agree with or are uncomfortable with their processes and procedures, keep interviewing. 

I don't know if this is standard procedure but my lender was very strict.

If they insist that you do, it's a violation of RESPA (Real Estate Settlement Procedures Act) and us called "steering".  

I've read plenty and sure I can read some more, but I have yet to find a resource that details the various procedures in dealings and transactions.

Of course, even though it should not delay closing, the repairs have to be made within the timeline and reinspected per the specific municipality guidelines, like Jon said.The Pennsylvania Municipal Code and Ordinance Compliance Act (MCOCA) sets forth procedures which must be followed by municipalities that require property maintenance and other code inspections upon the sale of a residential property.

Tax sale laws and procedures are very state specific.