Any expense (as opposed to an expenditure that's considered capital in nature) directly associated with the lease property is deductible.

Heres how we basically structure our line items:Gross Potential RentLess: VacancyNet Rental IncomeExpenses (listed individually)Total ExpensesNet IncomeCapital ExendituresNet Cash FlowOf course, as long as you understand the nature of all components of cash flow, you can set up your schedule however it makes most sense to you.Good Luck

End quoteIt depends on the nature of the note as to it being a security.

Naturally, if a buyer asks to see it, they will show it, but they will not "find" such a house.My experience was with the flat-rate service provided by a company that also offers full-service.

Then the manager comes out and tells me that the check was fake (naturally) and that the scamsters used the routing number for Commerce Bank's money order department on the check.

It seems really aggressive to me given the nature of land contracts but I don't see how else to report it.

Check with your CPA, but usually the nature of income you are allocated will be the same as that received by MGMT LLC from PROP LLC.

Umbrella policies do not insure your property, but instead, provide an extra layer of liability insurance when your first layer of coverage is not adequate for your needs.Since your mortgage lender already requires hazard insurance on your property, just have your insurance agent increase the liability coverage to $1 million or more if available.

Hey guys,Thanks for taking the time to read this and any advice is greatly appreciated.I'm immigrating back to the US with my wife and our kids shortly (she's the american, but I am a naturalized citizen).

It sucks but it's the nature of things now.