Washing machine hook up but not to a drain, A/C condensate not routed to outside but in the walls (that was fun), electrical issues that were to be "repaired" but were not actually.

Washing machine hook up but not to a drain, A/C condensate not routed to outside but in the walls (that was fun), electrical issues that were to be "repaired" but were not actually.

When he reached the age of 65-years old, or whatever age it was, he applied for social security and was rejected because somehow social security must compare records with the IRS and he owed something like $80,000 for income taxes and they would not pay him social security until he either paid his taxes, or until the amount due was deducted from his social security due to him.So, giving your contractors who are sole proprietors a 1099 Form or a W-9 Form only causes them problems when they cheat on their taxes and does not cause you a problem and does not cause corporations problems with the exception of a $50 fine for each contractor and not for each transaction.

I am guessing that the concern is you are paying for the water as he washes his clothes?

So you may want to set that up first so it's ready and when your wife completes the 1031 she sells as herself but takes title as the child LLC which flows right into the parent which is anonymous from day 1.And every bit of the above machinations can be done simply by your accountant changing some line item names on your schedule E.It's a model I've used myself right down the actual state you're selling from (KS) !!

Hi Jay,So now he needs your help more than ever (and probably doesn't want it).Since you have solved your immediate problem (removing him from your rental), it might be wise (since life is LOOONG) to help him in some other small ways...even though he will probably refuse out of anger.Maybe call some of your elderly relatives and see if he can stay there in return for "Cutting the Grass", or putting the laundry in the machines and taking it out when its done.

I also heard that the beginning year or two won't reflect the future profits at all including equity and selling and whatnot, so I guess I should lower my standards a touch from the instant money making machines to an investment I can grow on my own and work at its highest efficiency.

Sunday I cleaned everything up, took out the trash (3 large trash bags full), washed the dishes, cleaned the stove and walls, washed the trashcan and recycling bin and put them out on the balcony to dry and air out, swept the floor and mopped.

Investment Info:

Small multi-family (2-4 units) other investment in San Diego.

Purchase price: $1,065,000

BRRRRRnB in San Diego! Our first Short Term Rental! We opened up the floor plan, added 1 bedroo...

Wash stained woodwork with vinegar and water, towel dry.