You could file a lawsuit.

If you have a contract with the seller and cash to close ; it should be an easy quick file for them to work to ensure both sides are protected.

So I filed my LLC and I tried to open a business account, but the banker told me I need to get my EIN first.

When we file tax jointly next year, can we claim the 20% pass through deduction for the rental income.

Even if you do nothing wrong, someone could file suit against you.

I would be concerned about 2.7x's rent, our standard is 3x's and in a low vacancy area I certainly wouldn't stray from that.

How long do apartment complexes wait after rent is due before filing for eviction?

If I had known that no notice was required, I would have filed for eviction that day, Feb 14, and these problems would all be over by now.Instead, I posted the notice, and they paid on the 23rd of February.

You can use the standard rental income form or I believe IRS prefers it to be taken as self-employment income (schedule e / schedule c) which if is a loss, can be deducted off your regular income, however if positive may incur paying more.

If anything in the past was done incorrectly, once they're in there for inspections, you may be obligated to fix old issues that you could have otherwise gotten away with ignoring.NJ DCA Filing - Properties that are 3-units and above require a "green card" from the NJ DCA, which requires an initial registration + inspection as well as an inspection every 5 years.