how is it described on the tax account ?    

Account Closed wow thanks for the awesome insight!

Account Closed wow!  

Just make sure they specialize in tax and have significant experience dealing with real estate investors.Here is a great list of questions to ask a potential accountant: http://www.biggerpockets.com/forums/51/topics/70447-questions-to-ask-a-cpaAlso check out the www.NAEA.org page in your search.

For others (most of our student housing) we advertise on-line.  

If they aren't online, you can stop at the county clerk's office and ask them how to look it up.

They have been diligently depositing the rent check into my account on the first of every month.

I definitely agree on that, Account Closed Do you think the fact that there's a squatter will scare away most investors from picking up this property?

Originally posted by Account Closed:@Charles Odie How much of your money are you putting in the deal?

The Taxes are based on the deduction you took when contributing to the account and if you have the early withdrawal penalty, it is that, a penalty to punish you.