This is a crucial step in identifying and cracking down on criminal elements.

The land represents ~1% of the purchaseOn the contrary - if you purchase a $2 MM shack in manhattan on a postage stamp lot, the land could represent 99%Lever 2 - % of the property with a shorter useful life.Not all parts of a piece of real estate are depreciated at the same speed.Certain personal property assets have SHORTER lifespans in the eyes of the IRS vs the standard 27.5/39 year livesProperties with tons of this often have:- Over-developed land sites (hardscaping, pools, retaining walls)- Fancy Fixtures- Fancy Furniture (STRs!)

If they fail to leave, evict based on the habitual lease violations.If you can't figure out how to do this, or don't feel comfortable doing it, then the other option is to allow them to finish their lease and then require them to move out when it ends.

This ensures a smooth and accurate transfer.This post does not create a CPA-Client relationship.

@Max Servais if this will be your primary residence, you will need to insure this with a Homeowners policy. 

This is due to the  increase in mortgage rates and house prices.Pros/cons as I see it:Pros: two appreciating assets versus one; as rents rise, we’ll make more net income.cons: less cash flow, double capex, double maintenance.Anyone mind letting me know your thoughts?

I wholesale and buy rentals in this region. 

This question is for the scenario of an owner of a property renting it to a wedding and event business that operates the venue, not a lease agreement for an individiual couple getting married.Thank you!

How did you end up in this situation?

Alongside this 5,000-square-foot Bird Streets home, buyers have the option to acquire three life-size Spider-Man figures signed by Lee.