Keep in mind there are local/regional quirks such as in a certain area a certain range 1974-1978 homes were built with some sub par material/etc.

The S-Corp Petty cash balance became income, he forgot to expense the phone system so had to do an amended return & then he entered her SSN incorrectly on her personal & that caused us a lot of work. 

Me too, and I think when we post info that comes to be seen as incorrect, we need to MAN-UP and get corrections noted. 

BTW, To add to more confusion, I just found out that the title company also filed the deed recording the wrong property address (fortunately that's the only piece of paper that was incorrect among the documents)!!!

So, if a website, like realquest, stated otherwise, I knew it was incorrect.

I was just asked a question via PM that I thought I should post here on this thread as it is very applicable to the topic.The question was, if the renovation costs should be estimated by taking $15 per square foot and multiplying by the number of square feet of the property.Here is my answer:"You are doing it wrong as you were advised incorrectly.

I would say rule #3 is incorrect.

I'm guessing this was directed at me, sorry for the incorrect post for this forum!

@Lana Lee - if you are going to do your own tenant management inside the City of Philadelphia (and I do encourage you to do so), I highly recommend that you join HAPCO; you will receive a manual that goes into some of the quirks that exist within Philadelphia's landlord tenant regulations.And I recommend you also join DIG http://digonline.org/DIG members get discounted rates for screening services (I use TenantReports.com where I get a bundle of credit reports plus nationwide criminal and eviction reports for $25 plus sales tax as a DIG member), plus DIG has some training classes that you might find of value - Don Beck holds a landlord class every year or so and you will learn a lot just from this one day in class with him.

Please note, as this is a sample report, some data may be incorrect.