I used to live in the city and the taxes and water bills are nightmares.

Quote from @Zara Massoud: Your new PM is correct and the old ones were wrong.The property manager must have your social security or tax ID number on file.

Taxes/Insurance- depends a lot on where you are located.The homes themselves- POH or TOH? 

They are mocking these up with interest only loans and factoring back in the tax deduction as if you qualified for the tax benefits of a real estate professional and factoring in the diminished first year property tax (since its not a full year).

However, there is no specific holding period contained in the tax code or regulations and there is no "safe harbor." 

They were taxing as a fourplex, but the CO said it was a triplex.I found out when I went to try to refi with the bank.

Use umbrella insurance as an additional safeguard, especially if you opt not to form an LLC.Avoid S-Corp taxation for rentals, as rental income is passive and not subject to self-employment tax. S

Note that I live in the Netherlands, which has many tax laws.thank you 

If you were able to increase the value of the property significantly after the rehab, then you could bring the deal to a community bank  to refinance and take the hard money lender out.You keep all the equity and don’t have to file a partnership return for your annual tax return, which can be costly.  

I just started using it and so far the owner info matches up with the county tax info.