I heard there is a way to report bad tenants to their CO in another post, but I’m not sure if that happens a lot.Thank you all for your service,Ryan

The activities of the property will continue to be reported on your schedule E.Where it can affect 1031 is if you contribute the property into a regarded entity it becomes the tax payer for the property so when you later sell it will need to do the 1031 exchange and buy and sell.  

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

It is usually because their computer had some number reported under your SSN, but the computer cannot find it on your return. 

View report*This link comes directly from our calculators, based on information input by the member who posted.Great looking property listed at 159,500.

She had also reported the prior owner to the county for landlord violations.  

View report*This link comes directly from our calculators, based on information input by the member who posted.Good evening everybody,I watched the Newbie webinar today and Brandon mentioned that the single most important skill that needs to be mastered is deal analysis.

No documents needed, and the sale is not reported anywhere on your tax return.

If you sell within a year, intent might not matter that much because both ordinary and STCG are taxed at the same rate. ( I am assuming you dont have a capital loss that could have been used by capital gain and you dont have pay 3.8% Net investment income tax based on how much you make).4) however, if you rent it out for more than a year, and sell it, and if you have documented you intent property, you would be paying Long-term capital gain rate.  5) no matter when you sale, you have to report rental income and adjust the basis as you mentioned. 6)I would not transfer the property in the GC business, for liability reasons.

Also since your investor is a member of the LLC they can be on the checking account and watch the money in real time this is a critical aspect of my companies.. and I don't have to make up reports etc.. they watch the business in real time … compared to if you have multiple investors and they are relying on your in house accounting and they are not on the checking account ( this mainly from the investors side of the table this is were things go sideways for investors.) no real access to the ACTUAL checking account only reports made up by the sponsor..