Because that's still their lease and the lease you are taking over, even if they are month-to-month.For example, on a month-to-month tenant, I can serve a 30-Day Notice to change an item(s) on our lease. 

Incidentally, we like those jobs because glass/glazing items can have a big impact on that process.

The income/loss from the S-Corp flows through to your personal tax return via a Form K-1.

Connecticut has a 6 month redemption period for tax deed purchases.The Connecticut statute specifically provides for an insurable interest in favor of the tax deed purchaser to protect against fire and physical loss to the property during the redemption period.

There are several items in this thread I would like to address.

Question to my fellow BP tax expects:Can I use nonrecaptured net section 1231 losses to offset capital gain losses from the sale of an investment property? 

Unless you have a very large income that can absorb losses on all your 15-year notes you will need 30 year so that you can continue to expand.

That being said there are some people who hoard money like other people hoard personal items.

I started my real estate journey back in November 2016 so many completed items (mainly educational) are not listed. 

There are a  lot of other items, but I hope this helps.I have seen accounts cost $1500 to $4000 per, depending on a lot of the above items and then some....You could also use the 2.5 of the gross.