If you need more info feel free to reach out I can explain in detail based on your actual scenario.  

I never had to do it but I would assume you could just cash the money in a bank if they asked pre-closing.4) If you're considering reaching out for more information, feel free to let me know.Lastly, regarding the policy with Mass Mutual (or NW Mutual too), it may not be advisable to use them for your intended purpose.

He then provides free labor to that company to increase profits. 

If you have any other questions feel free to reach out, I would love to help! 

Note - the units without off street parking do have free, non-permitted street parking and there is always space right in front of the houses.

Yes, Form 4562 + Schedule E is indeed where depreciation expense should be reported for your rental properties.

Regardless, you sort of need to take two steps at once: A) talk with an attorney to understand your options and nuances of those options and B) start having conversations with people you might think would invest with you to understand if there is any real interest, what they are looking for and if you can realistically offer that to them with what you are doing.Once you have that, then you need to understand underwriting with investor capital, proper fees and profit splits, taxes, reporting, etc.

Let's start with a quick history lesson, is a conversation about affordable housing any more relevant than the day a terrible CPI report driving Shelter Costs is released?

Disclaimer - I am not an CPA or attorney but I became financially free doing this for myself after 10 years working as a w2 engineer :( and I am sick and tired of seeing highly educated and hard working professionals getting stuck in the rat race because we deserve financial freedom and the option to do more with it.If you are able to implement a real estate professional status tax strategy (REP) you can use passive losses from syndication deals to lower your ordinary W2 income.

.- Maybe a once a month get together or zoom call - or maybe much moreThe ultimate goal is to become financially free/generational wealth - for everybody in the teamThank you for reading Leave a message if interested