In order for rental property to be counted towards regular income you must have the property rented out for 2 years.My question is does the 2 year rule apply to each property separately?

For assets that trade regularly it is necessary to use the market value as determined on the financial statement date.

You should post these things regularly.

Just talk to them regularly.

I don't think he was ever stumping for the wall st gang.I watch CNBC regularly and Rick has been a guy, for the most part, that has said let them fail.He says the same thing here...let those banks, homeowners fail and let the responsible flourish.

Finally, I send out regular emails to my lists offering my inventory when it updates and looking for referrals.In short, I do not do banner PPC campaigns at this time, but I use the heck out of the internet for my real estate business!

:D Perhaps in a couple years, if you work really hard, your chance of getting audited will be as high as mine.Btw, here's what Bill Bronchick says about a corporation vs an LLC:http://legalwiz.com/llcs-and-corporations/He says the exact same thing that I said above...here's his words:"If you form an LLC and elect to be taxed as a corporation, be sure to complete the regular formalities that a corporation would normally do, such as resolutions, minutes of meetings, etc."

Toni, Z-estimate sometimes a way off. so I just use it as reference. in my area the valuation is strange, I only use the regular sale as the comparable.

IMO, this could be great for a nice vacation/weekend home, but all I have ever done are regular rentals.

It's been a while since I was a real cigar aficionado, but I do enjoy a nice "stogie" or pipe every now and then, especially in the summertime while sitting outside on our patio enjoying the warm evening air (possibly augmented with our fire pit) and basking in the peaceful tranquil atmosphere with a nice glass of scotch, rum, or even beer.I've always been partial to Arturo Fuentes, especially the Chateaus in both regular and double varieties, Ashton's, and even Macanudo's, which have a light easy smoke and come in as many shapes and sizes as one would find at Huntington Beach, CA on a sunny July day.