That means you must at least file Form 1065 US Partnership Tax Return.All incomes and expenses will be reported on this form and that income will pass through to the both of your personal tax returns based upon your ownership percentage.The limit is different for one person versus married.Your biggest mistake is using a program to answer your questions.I represent taxpayers(individual and business) before the IRS.

I make my offers based on numbers and I will not put myself in a position to where someone else has control over what I end up paying for a property.

Or commit to a program that forgives them.One option I do not recommend unless you have access to a lot of cash or someone you know is filing bankruptcy but has credit limits free.

Anyone know what this program is all about?

NoI suspect you ask because you heard of someone doing it or a pitch from some Guru selling a program about how to do it.

I would like to eventually retire from programming and concentrate on this and other things.I am still reading books and stuff.

I think you have to do your diligence as you do any investment- especially when someone else is in control.

Also check the main water heater control valve, it's the valve with the thermostat on, that maybe what is malfunctioning causing it to shut down.

Their interest would be more in capital preservation and green cards, namely the EB-5 program (google it), that will give temporary to permanent legal status for foreign investors that pony-up 500k to 1mil a pop to invest in any US-based projects.

Did they take a vote on rent control?