Last month I closed 6 loans in the 7.2 - 7.5% range with no buy down, max LTV.

Lastly, I'm not on here to talk trash about WealthAbility and their so-called managers, but instead I am sharing my unedited honest experience in hopes of helping my BP community from committing the same $25k mistake I made.

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

Complete remodel in last year fenced in back yard. 

We're selling the property for $350,000Yes, as long as you have owned and lived in the property as your primary residence for at least two out of the last five years, you should qualify for the capital gains tax exemption of up to $500,000 for married couples filing jointly.

My business partner and I bought our first investment property (4-Plex) last year.

Last thing I want is an audit.

Also, yes it is a tenant friendly area but that is also a bit overblown since evictions are very low here in san Diego, last I checked it was less than 1 out of 100 and in areas around the country where evictions can happen practically overnight, some of those areas can have extremely high eviction rates especially a lot of those areas with high poverty rates.

I’m looking for a CPA to do my last year taxes as they got complicated.  

The only people I've seen successfully sued for large sums are the really bad people.I don't know if I posted in that discussion four months ago, but I have posted similar questions over the last 14 years and can't recall anyone saying they lost a home because of a lawsuit.Here's my generic LLC advice:An LLC is useful for two things: anonymity and legal protection.