They make the call as to charging you with a violation, they have administrative powers to levy fines in hearings, they can also have someone arrested and charged.

I hear that depreciation lasts for about 27 years and the amount deducted from tax can make the net income, from a buy and hold property, basically tax free.What happens if the property is older than ~27 years?

Now it seems that those losses are allowed to deduct gains from other passive activities.

I'm not sure what you are putting into marketing expenses but that's tax deductible and there are many ways to keep this number low. 

You essentially take the total basis of your profit, divide it by 27.5 and you can deduct that amount every year against your profits.  

Also she is concerned that if my monthly payments to her vary (because I would deduct tenants utilities which I already paid), she thinks it will look like she is collecting variable rent?? 

IRS tax levies on agents commission for back taxes 4. license suspended for back child support 5. license suspended for student loan delinquencies 6.

I get the NOI from taking all the rental revenue and deducting property insurance, property taxes, HOA fee's, management, vacancy expense (5%-8%), maintenance (10%-20% of revenue)The bonus of all of this is the appreciation of the properties, but I don't take that under consideration yet because at this point I am a buy and hold investor and I can't guarantee the the value in 5-10 years.What is everyone's thought on this return number?

You might see that you have depreciated it and taken advantage of the interest deduction that you  are in better shape than you think, so far.I vote sell it and get into something that will help you!

I have a property to wholesale that has its certificate of meth abatement after someone smoked there. It cannot be found on any list as being a meth house and is totally expunged from the list. The sheetrock has not b...