When done voluntarily, I think, IRS even waives some penalties that would apply should they discover the discrepancies on their own.

When I finally managed to get a hold of someone in the leasing office to point out the apparent discrepancy, they claimed it wasn't actually for the key, but the fob used for accessing amenities.

That way there is no discrepancies on when and how much was paid and what it went towards in the transaction.

updated/fix minor discrepancies when previous tenant moved out (7/21)..able to rent $100 more(old rent $1200) What was the outcome?

I recently just got my RE license here in California and I've heard there are some discrepancies with wholesaling if you have a license.Want to ask any wholesalers out there that also carry a license, what is the appropriate approach or legal approach to correctly wholesale.Do you still tell sellers you are an investor and you will pay for the house cash?

I know those are sometimes tough to do in Los Angeles and markets similar where the property value vs. rental income is a larger discrepancy than say smaller metros in CA.  

You may be able to walk (Depending on contract) because of the discrepancy but the seller is not going to lower the price as the property appraised for the value you are getting it for.   

, and I've came across a small discrepancy.

I reviewed the appraisal and saw a couple discrepancies as well.

I mean technically you can put whatever you want on the MLS listing, but if there is a discrepancy between the number on the MLS listing and the tax record then the selling agent SHOULD notice this and question you on it.