If you don't like the rules, there is nothing stopping you from leaving.Bottom line, a negative influence level as high as yours tells me and many others that after you have been warned via influence deductions and post edits, you continued to brake the rules.

Do you mean claiming it as a tax deduction because it was used for repairs, or do you mean claiming it as part of the purchase price when applying for the first time home buyer tax credit?

the insurance regulations for "boarding houses" are insane, and for over 2 years i have been trying to find a better way. as mack said, in nj a house that would otherwise be 600-800 a year in insurance is 4k+ and even then the deductibles for certain things (i.e. water damage) are very high (~2500). it eats up a lot of profit. i always wonder what the 'master investors' (the RE minority who own majority of the towns) do about things like this. the only thing i can imagine is that they say it is owner occupied or that it is being rented by "families". i, too, don't like to take risks with things like insurance so i continue to investigate legit ways to reduce the high insurance costs.mack what did you end up doing?

In the transaction, he may have kept the funds and the closing agent may have deducted that amount as a credit to the buyer.

As a fellow international investor I think it is going to be hard to see you making alot on SFRs, once you deduct the necessary mthly mgmgt costs etc.

Becky, most meters will actually run backwards (deduct from the total) when changed around.

I think it's about $70/year.San Diego County levies a Rental Unit Business Tax on investment properties, unless you can prove it's owner-occupied.

Then, have the agent sign a fee agreement between you and him where it is deducted from the 6% at closing.

I agree with your the rich cannot continue to be taxed excessively but in many cases the rich often have the resources to legally avoid paying many of the taxes that they have levied against them.

I used to carry high deductibles on the assumption that I would do the drywall refinish and paint myself in the event of a big claim.