Note if you refinance them, your cash flow situation is likely going to be about where it was prior to the value add but your equity has increased and what you have actually invested has decreased.

Some are advising that this carryforward can now be applied to 5 years of prior period taxes paid and refunded for those amounts AND the taxpayer would get a check for amount of the carryforward if there was no prior period liability.

Also find out when she will be no longer living there, sometimes people build in some moving time prior to official move out date and you could negotiation something then even if its not a firm commitment on her part. 

Or will they not even offer a bond since there was prior damage?

Get preapprovedGetting preapproved is something you want prior to viewing properties.

We will require last month rent at the time the lease is signed and first month rent prior to move-in. 

During this time I would be saving that $1,200 I was paying in rent for the prior two years since I am used to that money leaving my wallet and save it towards my next downpayment on a rental property.

During this time I would be saving that $1,200 I was paying in rent for the prior two years since I am used to that money leaving my wallet and save it towards my next downpayment on a rental property.

Kris Wong's answer is the best answer.In addition to putting 1 property into an LLC, you need to open a bank account (and prior to that, you need to get an EIN for that LLC) so that it's clear that you are separating your personal and company accounts.

The owner may be required to provide a structural engineers evaluation prior to warranty work.10.