I am seeking feedback and suggestions from other owners and/or managers with suggestions for how to handle this type of situation. 

I have an interesting situation I need help with!

There's never one right tax answer because of your personal situation and how the entity is currently set up.  

Hello Everyone,I've been thinking of integrating a rental property into my income stream for a few months now, and it seems that a unique situation has appeared that I may be able to take advantage of.

Perfect for salon or small medical practice (350) sqft- Single electric meter- Entrance to condo is in the back- No fire door separating.Question, has anyone used two separate leases for this type of situation.

Perfect for salon or small medical practice (350) sqft- Single electric meter- Entrance to condo is in the back- No fire door separating.Question, has anyone used two separate leases for this type of situation.

So, I'm in a situation where I own 3 rentals and I'm looking into mortgaging them to buy some more.My issue is that I'm a bit behind on taxes, I was living overseas for a while and while technically I was supposed to file taxes during the time I was overseas I didn't.

The type of deal ( hold or flip), your financial situation and goals, the timeframe, price range, and many other factors bear on the decision.Bill Crider

However using NPV for REI may just be overthinking the situation unless you are buying properties left and right.

They are fairly process focused and promptly communicate with me that needs my involvement, so I am surprised of your situation.