If you are one of few rentals on the street, assure them that you plan on making sure the house and neighborhood are going to be treated well and you will have strict policies on excessive noise and parking.Invite the neighbors over as you are working on setting up your new place so they can see what the inside looks like and get to know what the status quo of the property should be so they will know when something isn’t right!

The excess wood in the kitchen is probably try to remove or replace.

Then set up an umbrella policy aka "excess liability" above and beyond your primary coverage.Now if this makes it feel any better - you probably saved $200 a year with the set up you currently have so add that up times the number of years you have owned the property and  you may be break even after settling up with the neighbor.

Hello All, I have been doing some reading up on how to use 'excessive losses due to depreciation' and of course came across the Real Estate Professional Designation for tax purposes.

They are doing excessive amounts of construction to accommodate the increasing population. (2-3% per year) It is also 15 minutes from Fernandina Beach, which is a cleaner beach then the Jax and Atlantic Beaches.

Once you hit a certain number of properties that is probably excessive, but there is a nice security in always having a healthy buffer against potential problems.

@Ellis San Jose ,I agree, that is why those dividends that are in excess are used to offset the income.

My mother received a Notice of Trustee’s Sale from the HOA association for arrears and expenses in excess of $10,000 and it is scheduled for auction in a couple of weeks.

Taking the same example of the $500,000 house, the basis of the child if the property is inherited, the owner parent has passed, would be the value on the date of death.If the property was sold today in the first case above the tax would be on a gain of $500,000 minus $25,000 or $475,000 taxable gain.If the property was sold today in the second case above the tax would ZERO.The tax savings is excess of $100,000.Big difference, my friend.

Is it equitable for a lender who extended a cash loan to take a property and evade the equitable interests held by a borrower/owner, by not selling the property allowing the borrower to obtain excess equity of what the lender was owed?