Sounds like a good way to evade taxes or under report income

@Sandra PIrtleSince the value is not needed to report an in-kind distribution or Roth IRA conversion, the value can generally be based on comps in the area.

There are some services where you can report to collections and ding the tenants credit.This is why I believe term leases benefit the tenant over the LL.

Automated messaging and market reports too

If you have guidance on how to best start a project like this and what I would be asking the surveyor and engineering report request would look like (I'm unclear on what to even ask for).Thank again and If we can work together through this process I would certainly feel the obligation to ensure that you were the sellers agent for finished products.

(it what was on the 17 yearly report)it was owner managed until late 16. when the property management team came in they made major changes and repairs.out of the 9 units the longest tenets is only 2 years most are only 1 year.

@Alex Tobias  For my last closed commercial loan, I paid:- $350 documentation fee (at closing)- $15 credit report fee- $25 flood determination fee- $150 recording fees to the town- $40 wire transfer fee.- $1,000 attorneys fees for closing.- no points / origination fees.  5.25%, 20 year amortization.- Existing relationship with the lender, who's a smaller local bank.

I put 5% down using FHA and I am now thinking about refinancing into conventional to get rid of PMI and re-use FHA again in the near future (1-3 years).My question is, if I pay for an appraiser to come out and give me a market value on my property, can I use that number and report with a bank or will the bank want a separate appraisal done?

People who report their rentals all wrong (Miscellaneous Income?)

This is something to ask your new PM about.You might still need to keep good records of your expenses each month unless the PM sends you a great report to use.