yeah, I could have made a profit, but if wrong, I could have realized a loss.

Loss of license issue again.

They will likely ask for additional information, such as the age and condition of the roof, plumbing, and electrical systems, as well as any previous claims or losses.3.

I cannot write off unlimited passive losses but am limited to 25k which ends up getting phased out due to my W-2 income.That being said and to make sure I understand, I would fall in the same boat as Amanda and not required to issue 1099s?

I would say that the mistakes you would probably make going on your own without any mentor and help by your side would result in losses in excess of $5,000.

The bank can write off their loss with a 1099-C...

To calculate expenses I estimated the following:8% vacancy2.7% taxes (of purchase price)1% insurance (of purchase price)10% maintenance (of gross rents)10% management (of effective rents)$1024 HOA duesI end up with a gross income of $51,600, vacancy loss of $4128, and operating expenses of $29,410 for a net operating income of $18,062 and pre-tax cash flow of $5489.

As the Bank they have an obligation to recover as much of their loss as possible.

This has provided experience analyzing financial data due to the profit and loss nature of my position as well as experience in directly managing others.

The tenant has kept the place in great shape except some melted siding from a grill ($100-$300 repair)The tenant is a law graduate student and works at a firm, said all the lawyers at her firm said she has every right to move out and not pay rent.She also wants her full security deposit back as well.Should I just let her go and cut my losses, or should I deduct her security deposit and sue her for rent?