I don't do GADGETS.Companies are always trying to get brokers and agents to buy into the latest do-dads making them think it will make them rich or greatly increase business etc.I keep things basic and transact deals and rinse and repeat.The more complex you make things the more money goes out to other people and the less comes back to you.A new agent goes to the NAR convention and gets all excited about technology and buys a bunch of stuff with the little funds they have to start.

My father owns an apartment complex and he gave me a generous offer.

The tax code would be so complex that it would be over 73,600 pages of tax code, rules, and rulings, changing every year.

Whether to create a separate entity is a complex question.

David T.Wow, an apartment complex having a 'no overnight guest' rule is a bit much indeed.

And the input you get from other landlords is quite varied; there will be big PM / complexes that no longer have the tenant records (so you'll get nothing), and there will be big PM / complexes who have very detailed records (and they will give you info the is pertinent).

(One large apartment complex, diversify greatly, etc.).

If you are engaged in a deal I could argue that it was necessary and education for you to complete the complex deal due to the intricacies.I would push it off until you could complete other items.

If you don't know, call around to apartment complexes or agents.

Chris, According to the county property tax records, the value I stated earlier is the total taxable value.In regards to renters, the entire complex is rentals.