I'm preparing to take a tenant to small claims court for unpaid water bills in Baltimore City.

I inherited the tenant who was behind on her rent claiming repairs weren't done, hence, rent was withheld.  

So I satisfy the “2 out of 5 years” rule that allows the home sales profit from capital gains tax exclusion.I was wondering what documents do I need to submit when filing taxes for 2018.My tax person says that no documents need to be submitted to prove that, and me just claiming It is enough.Looking for second opinion.Thanks,Animesh

And then, since I'm the contractor, bookkeeper, tax lady, and homeschool mom, I'm thinking it sounds simpler and worth the extra costs to simply let the guy stay there as a buddy, and pay him through an employee leasing service, do no rental income (or bookkeeping, or Schedule C), and just run it as a regular flip.  

The wording is "Owner, on behalf of the owner's tenant, waives any and all claims against the HOA

Im a regular attendee of the main KREIA meeting and some of the sattelite meetings. its invaluable info, and very large.

park owned homes are not a good thing.. they are tough to maintain the parts are not available like regular houses you may want to rethink this.. banks generally will NOT lend on the homes and don't like parks were the owner owns all the homes because of on going repairs.. also you should put this In Market place if your trolling for investors.

There's a lot of nuance and Reverse exchanges are quite a bit more pricey than a regular 1031. 

I’m only able to claim around $3k in depreciation, and with no mortgage or repairs, I’m paying taxes on almost the entire income (less real estate tax and income).  

You can claim depreciation etc to reduce your tax.That beats putting money in the bank....