(Rental loss = repairs or renovations exceeding rental income) If you are a high earner, you generally want to get advice from a CPA that understands real estate income & taxes, but here's a few thoughts:1.

Yes physical cash, I'm also worried about putting the money in to others bank accounts and then them getting taxed on the money because it'll look like income even if there just transferring the money to the lender.

I understand that this fee will be credited to my security deposit when I move in.I further understand and agree that if I should change my mind or become unable to move in for any reason, other than Landlord exercising discretion not to rent the apartment, this holding fee will be forfeited by me, and I will receive no refund of the fee.Monthly rent per lease will be due upon move in the amount of $XXXX.00.I acknowledge and agree by my signature below that the additional security deposit I will owe at the time of move in is calculated as follows:Total security deposit Per Lease of $XXXX.00.

I'm filing my taxes using TurboTax and completed form 8824 for Fed purposes.

Second, if you don't think you owe as much as they are saying then simply ask for a ledger.

They have shown me tax returns for the business. - I asked for 3 months' bank statements and have about 20k liquid- 16 derogatory remarks on credit report- (I feel dumb for even asking considering this)Here is the kicker:- they own a restaurant and already said "How would you feel if there were occasional workers that stayed here?"

Looking to invest in states like Texas, Florida, Tennessee or any Landlord/Tax friendly states.Any suggestions would be very much appreciated.

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.

So they owe use $1,500.00 right.

What I have done in this situation is I acquired the property and then had the individual sign a long term renewable lease and the cost was $1/yr + the costs of insurance and taxes.