How do I go about doing this in the state of KY?  My CPA suggested it so that it would be easier to split tax implications between my partner and I on a home were are flipping.  Obviously my first go at this, online t...

When I transferred my license from MS to DC, I used the website www.nightbeforetheexam.com and I liked it.  

One of which is a 4 unit.Now, this guy sent me a table with the information about the properties and two rows of the table gave Zillow rent and zillow estimate (for the current sale price of the property).I've already checked all of the local assessment data on the property and all of the estimates are almost double what he has paid for it.

FYI Michigan law has a provision that prevents a tenant's unpaid water bill from being transferred to the property. 

If the building owner LLC (lower tax bracket) is receiving "income" from a tenant LLC (higher tax bracket) who claims it as an "expense", then he is using this false relationship to artificially transfer the rent amount from a higher bracket taxable income to a lower bracket taxable income.I'm no accountant, but I also thought LLC's had pass-through taxation so I could be completely wrong.I don't know if he is presenting significantly misleading information though. 

I strongly feel my skill sets are transferable to this industry & have a desire to learn from the best.

While the first spouse receives the deduction, the second spouse then claims that income on -  Schedule C - and pays self employment tax.It's the exact same result, but you've at least transferred some Social Security/Medicare over to the second spouse for retirement purposes down the road, so that's good.If you're looking to figure this out for being a landlord, then you just put everything on one Schedule E for property you own jointly.  

I would love some advice / knowledge on the following costs:BuyingEscrow = Attorney = Title Insurance Search Costs =Miscellaneous =SellingEscrow =Attorney =Recording Fee =Realtor Fee = 5-6%Transfer & Conveyance Fees =Home Warranty =Miscellaneous =Many thanks!  

I've been reading quite a bit about real estate investing and am now finally getting into actually researching and crunching numbers, which leads me to this head scratching moment...I'm perusing RealtyRates.com and am looking at the national data for apartments.

We would like to set up a Computer as a Main Computer Data Base.