I'm not sure if that is a legitimate term, but if it is, I imagine it would be a similar house that needs repairs in the area.

Determine who they are using for legal, accounting, rehab, and property management and make sure they are legitimate.

However, the IRS may scrutinize deductions that seem primarily for personal enjoyment rather than a legitimate business purpose.

ChatGPTTo substantiate a loan modification as a legitimate loss for tax purposes, you should maintain thorough documentation of the modification process.

They just need to be very clear that they are acting for themselves, not representing the seller.If an owner called an agent to the property with the knowledge of their RE license, do they not have a legitimate expectation of there being a fiduciary relationship.Originally posted by @Ben Leybovich: It's definitely a very fine line.

They can guide you in determining a reasonable allocation that complies with tax regulations and helps maximize your legitimate tax deductions

Reducing or avoiding self-employment taxes (also known as the self-employment tax penalty) involves understanding the tax system and implementing legitimate strategies.

You just have to have legitimate self employment activity.  

In that case, there's a real, legitimate complaint.The real question is how far you want to push this.

Now I would like to set up this member to have a mortgage/lien on the property that I am purchasing simply to legitimize the loan and make them feel comfortable with the whole transaction.Can anyone provide any insight, or point me towards a good book or anything that I can read up on?