IT IS BASICALLY MY LOSS AND I AM TIRED OFDEALING WITH THIS HEADACHE ANYWAY"Also, this is what he charged me to file the eviction--Attourney fees for filing eviction and papers served(total fee was$425)($300 was sent for partial eviction).

The LLC is disregarded as I am the only member when it comes to my taxes so my rental incomes/losses are just reported via Schedule E.I forget all of the reasons why but when I looked into this initially 3 years ago the best strategy was S-Corp for shortterm, LLC for holds.BMR

That looks like a LOSS to me.Good Luck,Mike

Some I did very well (NIKE, WENDYS, MICROSOFT) other I took some pretty bad losses on (JDS UNIPHASE).

PM is all about limiting losses.

Quick calc in my head... this puts you at a $4900/month loss before factoring in tax benefits.

You also setup "classes" (sort of a "third dimension" to your accounts) -- each building is a class. that way you can do a profit and loss byh "class" and it will break out your PL per building!

I have conclude that because they do buy at a larges enough discount the spread the potential losses over the total amount of properties brought get balanced.

If there is a small percentage change in your repair numbers you could be looking at a loss.

However, with my contract the tenant loses big time as I ask for at least 5% in closing costs and 2 payments upfront (plus being sued for loss of payments and repairs).