So it would depend on the individual but the tax implications I believe stayed the same for those under $250,000 AGI as some new medicare taxes trigger as well at this threshold.

Looking for a CPA or accountants advice about the tax implications of fixing and flipping a single family home.

At this point I am just as interested in the social aspect (time spent/headaches) of being a landlord and how it will mesh with my day job.

I would also send a letter in the mail, and possibly check some social media websites to see if you can track them down.

The range of alternatives (lease/option, land contract, seller-carried mortgage) all have different implications for this situation.Sean Merant, what are the documents from the closing?

Most of the conventional lenders that I am talking with require at least 20 percent down and I can only have 10 mortgages against my social security number.

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We have a paid off rental home held in an LLC that we have a business LoC against (which can be converted to a fixed cash-out mortgage). We are looking to invest the proceeds in real estate abroad. Can we deduct mortg...

But I became very aware of the implications of further documentation & how it my open up another 'can of worms'.I initially decided to sit through it on my own to experience the audit but since then have a good CPA do the filing.I ended up owing about $5,000 in SE taxes for the two years in question.

I encourage all landlords to research their applicants in the court records in the location where the applicant lives, as well as on google and social media sites.