@Sean Hoglund  Assuming the prior years tax value is lower than your purchase price as in your example, you want to file your ATI Exemption before Jan 31st following your closing date at your county's Assessors office. 

Is there any filing that we should do accordingly?

It contains hundreds of files such as ebooks, checklists and spreadsheets for real estate investors: https://www.biggerpockets.com/filesGood luck.

@Jay HinrichsThat lender yes made a very bad investment which I am being kind with those wordsI have a non performing loan in BK and a person gave this person $60k loan unsecured while they were in bankruptcy and never even ran credit or checked on his backgroundShe now wants to sue for fraud which great your suing someone in bankruptcy - the money is gone.

I also found a WLB lease agreement in the back of my filing cabinet and I am using that to get the individual room leasing rolling ASAP.  

Vetting tenants is essentially the same as regular tenants, but expect lower credit scrores, bankruptcies, etc.  

Hi,I’m going through. 4plex tenant eviction In Alhambra and have already filed an unlawful detainer and got a court date.tenants who currently are paying about $1,500/month are asking for $20,000 and free rent for 9 months.

If you lived there 2 of the previous 5 years any profits from a sale would be exempt from taxes up to $250k for a single person and $500k married filing jointly.

It contains hundreds of files such as ebooks, checklists and spreadsheets for real estate investors: https://www.biggerpockets.com/filesGood luck.

It contains hundreds of files such as ebooks, checklists and spreadsheets for real estate investors: https://www.biggerpockets.com/filesGood luck.