Be sure to document the process and file a police report. last thing you want is for an injury or damage to occur that you are liable for! 

Campo said that if a prolonged downturn occurs, it could lead to a steep drop in construction activity, increasing demand for existing apartments once the economy begins to improve.

@Natalia ZhouIf the sale occurred in 2020, the sale would be reported on your 2020 tax return which gets filed in 2021.Depending on the amount of gain, you may want to consider making an estimated tax payment to the IRS and CA.If you had a bank account in a foreign country in excess of $10,000 in value.

@Thomas Daly I’ve seen the bills that can occur with leaking tanks, so I would definitely have it removed by the seller before closing.

Form an LLC, have insurance that covers the club and members in case of an accident.

However, I was still positive overall for the first year after this issue, and don't really think I could ask for much more with how everything occured.

Be involved with people and leads naturally occur.

This way when recovery happens gives more time for primary lease term cash flow versus an option.Every state now has variations on WHEN they are opening, WHO is allowed to open, and at what TIME and STAGE that can occur.

Improvements have a much greater impact on the value of your property than repairs, and they are calculated quite differently when it comes to filing your taxes.The IRS defines repairs as those that “do not add significant value to the property or extend its life.”You can deduct improvements made on your property, however, you cannot deduct the full value of the improvement in the year the improvement occurred.

We're doing an extensive rehab on it as vacancies occur to bring it back to its original beauty.