In LA you also need to have the landscape approved as well as getting gradient permits for retaining walls.On the documents you have, there should be phone numbers and names of City officers who are handling the case and you should be able to call them and speak to them.

There is also 2 years of college with some specific business class required.A broker would be ok with an agent who's only intent was to buy their own homes off the MLS because the broker would retain the brokers cut of the commission on said homes.Example: You are hired by a broker at a 60/40 split and you buy 10 houses a year off the MLS.

Remember, in a pass through entity, all items of income and deductions retain their character.

She retains ownership, he makes payments and gets possession.

He or she may have one on retainer.  

Also, note that excessive front-loading may raise red flags with the IRS.The remaining profit can be distributed as bonuses, dividends, or retained within the business, but it's important to ensure that the total compensation (salary plus bonuses) is reasonable and justifiable based on the shareholder's contribution to the business.Remember that working with a tax professional or CPA who specializes in real estate and understands the specifics of your situation is crucial.

The Tax Cuts and Jobs Act (TCJA) implemented in 2017 retained the preferential long-term capital gains tax rates, providing lower tax rates for assets held for more than one year.

This will help demonstrate the amount of the loss you are writing off.Interest Rate Changes: If you're modifying the interest rate, specify the original rate and the new rate.Loan Term Changes: If the loan term is extended, provide the details of the extension.Acknowledgment of Default: Include a section where the borrower acknowledges the default and the past-due amounts.Professional Advice: It's a good practice to seek legal or financial advice when structuring the loan modification to ensure it complies with any applicable laws and regulations.Keep Records: Retain copies of all correspondence, emails, and documents related to the loan modification.IRS Reporting: Report the loss on your tax return.

These can reduce your overall tax liability while helping you attract and retain talent.Real Estate Professional Status: Depending on your level of involvement in your real estate activities, you might qualify as a "real estate professional" under IRS rules.

You can save some money by changing the valuation, but you'll retain risk.