My guy is that, if you're unclear on some of these basic rules, you're probably not be overly aggressive in your tax savings -- a good tax guy *will* save you more than he costs you.

This does *NOT* include debt service.A lot of times here on BP, we talk about "the 50% rule," which is basically just shorthand for assuming all expenses will come in around 50% of gross rents.

You can read it here, if you like: http://www.grantland.com/story/_/id/6874079/psychic-benefits-nba-lockoutThe point is basically that NBA teams are typically awful businesses, yet shrewd, wealthy business people buy them, so there has to be some type of intrinsic value or non-financial utility that owning an NBA team provides to the owners, otherwise all owners would sell and the league would eventually shut down.

Basically, control the deal.

Perhaps the Drug Task Force folks if they exist in the area or Narcotics, not just the patrol guys...someone more interested in making a bust.

If in your will you bequeath the property to your wife then she will basically step in to your shoes and be co-tenants with your partner.

The last company I used basically used a generic word doc and it wasn't a very helpful reference.

HARP 2 is basically unlimited unless there are bank overlays.

So, putting in an upgraded set of appliances will likely not return anything additional to putting in a basic set of appliances.

Just as selling a property held for 364 days can have a significantly different tax implication than the same one held for 366 days, my task is to identify revenue and expense items where there might be tax year variability.