Otherwise, we don't get it.We do tile and same paint in all of our properties so if there is water damage, we could use what we would have paid toward the elective flood premium toward sheet rock, carpet and paint which are all inexpensive.

I would also make sure whomever you work with files any appropriate elections as well. 

Do not forget, you must make an election to group the activities.

Elected officials listen to their constituents.

The C.E.O. and President, Jerry Cohen and Shaun Cohen, and the C.O.O.

I am having great difficulty interpreting California tax code regarding tax deed sales and need help for the following scenario:Minimum bids are initially set to total of all outstanding tax liabilities (including penalities and interest); however, in the case of no bids, the county may elect to re-offer the parcel at an even lower starting bid. 

She elected the subject-to, which ultimately turned into a straight cash purchase. 

Originally posted by Dave T:I hope your CPA told you that there is no tax benefit to be derived from having your rental property owned by your LLC.If the LLC is elected to be taxed as an entity that would provide tax benefit in Adam's specific situation, then there IS a tax benefit to holding in the LLC...

She is well below market rent and will not be able to find anything comparable if she elects to move out - if you are looking to keep her.

So would you create an LLC and elect corporate tax status (most likely S Corp)?