-Manager may charge tenant monthly administrative fees to offset certain administrative costs incurred by manager.

Great, it was an administrative error, credit him for it and try to negotiate a win-win solution.

Lending rules come from different sources, none are arbitrary but based in lending experiences, losses, legal, administrative and related rules adopted under various agencies.The concept of cost or market value comes from accounting and economic matters relating to what value is being recognized.

I have experience in project management and proficient in administrative duties.

I'm good at administrative skills, research, finding the buyer, marketing even though i haven't executed on the marketing yet) Weaknesses include negotiating, probably building rapport with the seller (I'm an introvert, shy, etc) although I have been practicing this is just something I'm not really good at.

Cost Assumptions Financing Assumptions Purchase Price $115,000 Downpayment 25% Land Value (25%) $28,750 Finance Amt $86,250 Building Value (75%) $86,250 Downpayment Amt $28,750 Improvements $0 Interest Rate 5.125% Closing Costs $4,313 Mortgage (Years) 30 Total Cost $119,313 Mortgage Payment $470 Cash Outlay $33,063 Monthly Year 1 Revenues Rental Income 2,200 26,400 Vacancy/Loss Rate 8.0% 8.0% Vacancy/Loss Value (176) (2,112) Gross Income 2,024 24,288 Expenses Property Taxes Annual 1,600 1,600 Insurance Annual 1,800 1,800 Maintenance & Repairs Annual 3,000 3,000 Utilities Annual 500 500 Advertising Annual 0 0 Administrative Annual 0 0 Variable Cost PropertyMgmnt (% Income) 10% 2,429 CF & ROI (Doing My Own PM) Annual Cash Flow $11,753 Cash ROI 35.55% Total ROI 39.31%

Yes, I agree in principle that I should be able to expense these administrative expenses, but on which tax form is my struggle.As a side note, I don't understand why the IRS has this 2% AGI limit.

@Benjamin BlackburnThe petitioner that files for the probate often ends up being appointed administrator (no will) or executor (will).

Hopefully, your local Section 8 administrator works the same way.

At the extreme end, possible unprecedented Presidential emergency powers the likes of which have not been seen since 1960's school desegregation cases or actions as extreme as those taken by the Lincoln administration during the Civil War (blockading ports, destroying or taking over newspapers and mass media, arresting governors and even congressmen, etc) and later during Reconstruction in the South; Wilson during WWWI, FDR during WWII, Bush and Obama post 9/11.