Additionally, you have a signed lease already in effect, security deposit, and first months rent.

The house blew up and totaled the neighboring houses and damaged 5 nearby.

You would likely be very upset if renters damaged the improvements you made and if you rent it longer than the 2-in-5-year condition for the tax-free gains, you'll end up paying taxes on the large profit when you do sell.

Now there is drywall damage and some wet flooring.Not what I was looking for on a Monday (or any day) but if it was easy, everyone would do it.

I am not an expert, I know this based on having a Sandy damaged property in NJ.

-the negative credit effects of a short sale are generally less than a foreclosure.

Short sales in particular seem more immune to the potential effects of cash vs. financed portion of the deal.One word on condos - it is tougher to get loans, and you have to either do your own or pay to do diligence on the HOA.

We went down and got the fireplace going and no problems but no deposit is going cover the damage of frozen pipes. .

The net effect is that it reduces self employment tax from 15.3% to about 5.1%.By not commingling the two types of income, you'll also reduce SUDA and FUDA as well.I would get EIN numbers for each LLC.

Am I responsible for tenants personal property damage?