A roof that would need to be replaced “soon” But, I had worked it all out with my personal banker, my accountant and friends and family that won’t let me fail.

RV parks are day to day accounting and if you dont have the right people in place i wouldn't pursue it.

Originally posted by Account Closed:You need to subtract the mortgage, taxes, insurance, management, repairs, vacancy, utilities, etc. 

This may be a no for some but if you can take the whole picture into account and be okay with handling the headaches you mentioned then go for it.

If so then you will not receive your funds until then so your accountant could treat the initial sale as an installment sale with no receipts and have all of the receipts come in 2019 which means that your gain won't be recognized until 2019 so you won't pay tax until April of 2020.  

I started my LLC, got a bank account set up and put some money in it. 

Hi, I currently have a relationship with a property management company that has implemented a new accounting practice, that basically puts previous tenants accounts recievables to the property management company directly on the books of the property owners in the form of an expense.

Hi All, I picked up a rental property about a month ago and funds were to be distributed into my bank account August 31st / September 1st from my PM company however I have not received them yet.Just wanted to get opinions on this situation;  and if this has happened to you,, recommendations on how I should go about making sure its taken care of / dealt with?

Originally posted by Account Closed:Closing on a triplex in Ohio City and my current lender is trying to charge me 1% origination and 5.375% fixed on a 30 year loan.   

Then are the cost to buy, cost to hold, cost to finance and cost of sale accounted for and reasonable?