I’m in the process of adding propane Rinaii heaters which are a little expensive but the tenants will pay their own heat and I will no longer have oil heat costs.

It's designed to prevent taxpayers from deducting passive losses against non-passive income, which often leads to situations like you've described.Your concern about potential double taxation on the $2,000 net income is valid.

Not because you are likely to collect any of the owed money, but because it establishes that they are delinquent so that you can start the eviction process on day 1.  

Hello Everyone,I am in the process of buying a house in Miami, and I live in California.

We also are establishing an office there for clients to come look over options, get in-house financing, and we also offer help getting matched with an interior decorator to help with the flow and design of the interior. 

Are you taking all documentation at face value, or do you have a vetting process to determine it's authenticity?

I think my thought process should be clear, and you won't feel he took advantage of you.

If I want to sell my portfolio for 3 million right now as opposed to some long drawn out process, with dozens of moving parts and dependent variables; id laugh.  

Financing very difficult to attain 30 year money after Rehab on commercial PUD designation but I did it given resourcefulness in the Jacksonville Market and network.

Financing very difficult to attain 30 year money after Rehab on commercial PUD designation but I did it given resourcefulness in the Jacksonville Market and network.