It's about much more than fixing leaky faucets; it's about enhancing tenant satisfaction, optimizing operational efficiency, and ultimately, increasing property value.

This means they must provide credible evidence to support their claims and comply with all substantiation and record-keeping requirements mandated by the tax code.Despite the taxpayers' testimony that the RV served as a boat sales office and provided nighttime security, they failed to produce any records or documentation to substantiate these claims.

If your property is worth less than that, it could be a reason to make the sale.

Make sure that the property's value is in line with market trends and comparable sales in the area.

Go to the sale and see what they sell for.   

its going to increase your hold costs.

I sent him a lease extension agreement and in the lease extension agreement it states that we are increasing the rent to $1,650 per month and we are requesting another $3,000 for escrow for a deposit to stay in month to month.

Taxes are calculated on the annual sale installment gain. 

Essentially, I’m buying out my partners and transferring the lots to my own LLC.1.Do I need a purchase and sale agreement for this type of transaction? 

I specialize in investment property sales in Arizona.