By protection my credit score when everyone else was walking away from their homes and by not claiming bankruptsy ..

With that being said, if you get a strong tenant that has a good customer base you will be able to just sit back and collect checks every month with little interaction.

Provide safe housing at a fair price, that is the moral thing to do for the customers (tenants) and your family.

So on my taxes I claimed seven eights of it as an investment property.

As a contractor NEVER let a customer get into you for money .

End product turned out great, with amazing upgrades including oversized garage, quartz counters, custom cabinetry, designer tile showers. 1 property is current under Contract, 1 on market!

End product turned out great, with amazing upgrades, including oversized garages, quartz counters, custom cabinetry, designer tile showers. 1 under Contract, 1 on market!

So in the event the tenant had a claim that they gave a deposit to the old owner you've got your ducks in a row.As for what to do with the tenants going forward the language they speak is a non issue.

Hi all, Last year was the first time I started flipping houses.. on one of my houses I took a pretty hefty loss after selling it and was curious what avenue I take (what form/schedule...) that I utilize to file for claim that on my taxes is there is a tax break for such a thing.Thanks

Then see I'd you can just do cash for keys to get them to leave and sign a Quit Claim deed to 100% cover you.Not sure how this would fair in court since a Magistrate could say they have equity and kick the case up to a higher court for a foreclosure.