Second, you will likely find that a major CapEx item can substantially reduce your returns.

I would lower medical payments to 1k since it only applies to family members, assuming that you have health insurance and don't plan to actively hurt yourself in your own home.

If she lives there for another year she said that will significantly reduce her tax hit.

However, assuming that this correction, going back, would allow him to reduce his taxable income from his Schedule Es and, consequently, taxable income on the 1040s over the years - would he be able to correct those returns on this basis going back that far (he mentioned 14 years)?

Get the president, VP or property management company to help you reduce the balance and extend a payment plan.Just remember if your mother signs a payment plan the board can hold her to it.

Or should they get to live at reduced rent at YOUR house?

I want to expand my network to include those with off market listings to reduce some of the competition.

I am aware of Connected Investors and have been listening to them for several years but I have not spent any money on their items mainly because of my medical problems and my inability to work forc the last few years.Connected Investors has recently had a great deal for $297.00 that included all you would need and that using their automation could be done at home.

If your goal is to reduce that self-employment tax to a minimum, an S Corporation is the best entity to use.

Depending on flood zone and a number of other issues vents can also significantly help reduce flood insurance premiums due to the amount they help mitigate flood risk.