If you are in the 30% tax bracket then for every $1,000 of deductible expenses, you will be able to write off $300 on your taxes.

I like to get something in writing from the tenant when they leave saying that they are officially gone and have left nothing that they want.2) Yes I have gotten a money judgement on a past tenant.

Worse case, T-sheet it (pros on one side of the page, cons on the other and when you run out of things to write go with the side that has the most on it! 

Make sure you have a lawyer write up the paperwork so you are protected and you both know what is going on. 

My brother, Account Closed, and I are going to write up a partnership agreement and have an attorney look at it.

Yes,Write a professional letter and include some information about yourself.

I might even write a contingency clause into the offer requiring the seller to pay for any code violations resulting from the CCI.Fortunately or unfortunately, unrecorded code violations are not considered encumbrances on title, so CCI and RRP issues will not prevent closing.

They have the ability to write portfolio loans, although I have not needed those yet.

In the future, will explain more details and I completely agree with what I feel are the intent of the law, that someone with a full time good income is purchasing real estate, just for the write off etc.

Get an invoice, a W-9, write the check, then issue a 1099 at the end of the year.