The short answer is No, you don't need it.

Not having done your 2023 return will in all likelihood 'hurt' you somewhat in the short term because lenders will want to see it.  

I'm not a huge fan of these short term leasebacks as you could have a serious problem on your hands if the sellers refused to move out. 

Hope this will result in a longer term stay with eac rental.

Regarding payment terms, the seller wants 10% at the reservation of asset (this month), 10% in a couple of month, and the balance at the signing of the deed of sale in December.

Commercial real estate loans have different requirements and terms, such as shorter terms and longer amortization periods.

They are often classified as operating expenses or maintenance expenses rather than capital improvements (assets).Washer/Dryer/Stove/Refrigerator: These are assets as they are considered durable goods that will benefit the property over an extended period.New Baseboards/Trim, Doors: These are generally considered assets because they enhance the property's value and are not typically replaced frequently.Furnace/AC: These are significant components of the property and are categorized as assets due to their long-term benefit.Paint, Light Fixtures: These can be a bit nuanced.

I had a HF offer me $25 million to start, and would go up to around $200 million for buying houses to hold.

Let the departing tenant know that she is on the hook for the terms of the lease until a new renter takes over.

Even with the recent stock market chaos, there's some bright news for mortgage companies. Over the past 5 days, stocks like Rocket Mortgage have soared by +16.47%, and LoanDepot has jumped by +10.26%, thanks to fallin...