I totally appreciate it.If she does in fact produce documentation for it.

Keep in mind that you are allowed to expense the first $5,000 of start-up costs only if your total start-up costs are $50,000 or less.

The total exchange period is 180 days to take title to the new property. 

It is not a right or wrong deal rather just the differences between identical sfrs in totally different locations or the diff with classic Porshces and Civic/Pinto rentals. 

For the cost of bath fitters for a little more money depending on the size of the bathroom you can do a total reno.

Roof and guttering were replaced for a total of $9,000.

You need to contact the utility company directly and get the real answer rather than relying on seller information.Income is $1650 and expenses (mortgage and heat) are $1950.

And if the mortgage that is in your name from the bank if that is true then your credit has now been totally trashed for years to come as well.. again why sub too is so dangerous for those that don't know what they are doing or how to protect themselves..

Or, buy out the heir(s).You admittedly never had an agreement, and you paid $1000 total for 50% (?) 

Hi @Paras GuptaI agree with @Dorothy Butala , real estate investment is totally different from being a realtor.