Voted the #1 city to live in by US News for the third year in a row, the employment growth and consistent appreciation we see in Austin seems into the price point.

Always have an inspection, even if a seller hands you a previous inspection report.

That appear on your reports, they don't see your vacations, nor do they see your supermarket shopping, and your brand name watches etc.

BP,     My wife and I are going through our inspection report for a two family we have an accepted offer on and the inspector noticed that there are black soot like heat streaks staining above the baseboard heat in the bedroom and living room of rental unit. 

There is a lot you can do organizationally and structurally that will keep you busy but also reduce the gray hair for your CPA at tax time.As far as whether you've got everything you need for the form 8824 that reports the 1031 it all depends on how your reporting and record keeping have been in the past. 

The good news is I've already got a 12 mth lease signed for it.

It has reports out the wazoo and makes everything relatively easy come tax time. 

After talking to the loan officer, it sounds like there might be some reporting requirements related to when the money was drawn from the HELOCs (proof that the money was drawn and then wired to the Title company for the original purchase). 

View report*This link comes directly from our calculators, based on information input by the member who posted.

There was no foreclosure, but I was paid directly from escrow.My question is how to report this transaction on my taxes - just now realizing this might have tipped me towards using a tax accountant this year but a bit late now!