-Steven the Tax GuyYour guide to IRS laws, rules and regulations.

-Steven the Tax GuyYour guide to IRS laws, rules and regulations.

graet point Al Williamson...as a personal rule, i have stayed away from buildings where one tenant is on top of another..for one thing, the noise as al said..another is plumbing leaks from one apartment down into the other..if a tenant keeps their shower curtain open, it will eventually leak down into an apartment below...if it leaks into their kitchen below,they see the damage and hopefully stop...if it affects another tenant, they may not realize or it care to change their bad habits

In particular, I'd like to convert the walk-in attic or the basement into a fourth bedroom.

http://www.chicagotribune.com/classified/realestate/foreclosure/sc-cons-0913-strategic-default-20120913,0,4134066.storyI think it is particularly interesting how they indicate that they will pursue you for "abusing" the system, not because you broke the rules or the law.

Are there ANY exceptions to the rule that one can't use the exclusion twice within two years?

Also make sure they care Workers Compensation Insurance, there are numerous court cases have ruled the hiring party is responsible for injuries to independent contractor’s employees when the independent contractor did not have their own WC insurance.

I am not a smoker, but I don't have any rules against it.Reasons stated are valid reasons for prohibiting smoking indoors - having a fire is not.The risk of having a fire is very low - and probably even lower for Dennis Tierney, since the other tenants are more aware of the dangers now.Taking a proactive approach to things is good - like prohibiting smoking indoors because of the wear on the unit, or outdoors because of the second-hand smoke.Being reactive to things like fires is bad.If you never had the fire, would it still be right for you to prohibit smoking outside?

Also you have extended rules for replacement property when you are force to sell."

I was wondering if there is a rule of thumb when it comes to deferred maintenance and how it affects the market value of the property?