Typically, this is how I've done things and I've been able to get a few vacations for the family paid through the points and miles that I have accumulated.

You need to document that your LLC resolved to assume the legal responsibility for this loan, then ensure that the loan is paid by the LLC and is recorded accordingly on the partnership's books.A better question is - why?

You should be able to charge for any of these items if you have receipts for the expenses. 

The title company gave me the contact of a firm they partner with, and requested that we use them instead as they meet their requirements, but they could not provide any explanation of why they can't write the check to the IRS, and I have already paid for the other firm's services and do not want to pay again.

Most lenders want your housing expense to be less than 40% of your monthly income… sometimes closer to 30%… but usually between the two figures.  

This includes collecting rent, handling maintenance requests, and addressing any issues that arise.Financial Benefits: Renting out the basement can help offset your mortgage payments and other expenses associated with homeownership.

(Assuming it’s fully paid off?)

Being a wholeslaer is having a business.You are in the business of finding and buying land/contracts for a short duration and then immediately selling them.One typical expense for a wholesaler is all the advertising costs to find motivated sellers.

This is because you can theoretically knock that one out sooner, and then put even greater force against the next highest balance until you've eventually got them all paid off - which is a great goal.

I own the 4 plex 50/50 with my parents and it's starting to become tedious trying to track who's putting what into the property as far as expenses and sweat equity is concerned.