It’s always a good idea to consult a tax professional or real estate bookkeeper to ensure you maximize your deductions while staying compliant.

Got this from the sponsor - Real estate gain is 1231 - but there will also be recapture of depreciation which is ordinary income.With a few unknowns before the actual k-1 is released, it's hard to make any concrete decisions but was just wondering if I should sell some long-term held stock at fidelity to offset the gains

So most agents are only putting about half of that $12k in their pocket, and out of that $6k they have to cover all of their operating expenses: licensing fees, MLS/ Realtor Association fees, continuing education classes to stay compliant with licensing requirements, monthly "desk" fees/ technology fees to their brokerage, health insurance for themselves and their family, errors and omissions insurance (required), marketing, car, car insurance, gas, clothes, computer/ software, cell phone, closing gifts, signs, photography, staging if they offer that, etc.

Allow me to explain something to you.What people call "chest pumping" simply is proving others that are wrong with concrete data showing them they are wrong and why, so they can learn and grow from it.

If the lender used your credit report as part of the decision, they should also include details about the credit reporting agency.It’s worth following up with the lender to formally request this denial letter and ensure they’re compliant.

The rule of thumb is that in order to be compliant, the living spaces of the home must be built at a minimum of 1 feet above the Base Flood Elevation.

But at turnover you needed better paint and change out window coverings almost always.. change carpet every other tenant.. glad i had concrete floors in the main living areas..

Jon, your a smart guy what concrete advise is there to give at this point?

Hi Ryan, I'm a licensed real estate broker in Illinois and also a property manager, and yes, in the state of Illinois, you need to be a licensed real estate broker (to be compliant) in order to manage property owned by others, because property management is considered a form of a real estate activity under Illinois law. 

Concrete stain flooring.