You bring me 70k to cleveland and ill get you much better rents than 1000/mo.

I am not too knowledgeable when it comes to the tax law, so that's why i found a CPA and am meeting with him next week. but from what you say it seems like my tenants will be paying my mortgage and ill be collecting all the tax deductions, what a deal!

Freedom to be with family, to work with charities, freedom from worry about unforeseen circumstances (an illness, a major repair on a car), freedom to check off the bucket list, etc.

The most common kinds of nonprobate property are:Property held in joint tenancy by more than one person—for example, a house owned by a couple, or a bank account shared by more than one personAssets for which the person designated a beneficiary—for example, a POD bank account, a retirement account, or life insurance proceedsAssets held in a living trustFor a look at common probate-avoidance techniques, see our articles on “How to Avoid Probate.”When the deceased person leaves very little behind, this process lets someone who paid for the person’s final expenses—the funeral and expenses of the last illness—be reimbursed from the assets of the estate.

Plus, it seems like time and effort ill-spent on such low return.Then again, maybe I am looking at this the wrong way.

Initially, I figured ill refi my duplex and at that point ill be at roughly 225k in total capital.

It produces 1098's, 1099's and will electronicly connect with the IRS to transmit your data.

If this si the wrong forum to post in then please let me knmow and Ill move this post.

We declined to do so because since she called the contract illegal and will not do her part in keeping the place habitable (I know we were there for 1.3 yrs) by repair the electrical and we're not going thru another hot summer b/c we can't install the HVAC unit w/o the electrical being done. but now she's selling the house but no one is interested for her asking price because her mortgage is about $40k more that what the house is actually worth and she bought the house as a rental property knowing this...actually she owns about 4 houses that she is trying to get rid of b/c she realized that she got in over her head and has no $$$ to repair any of her property...I bear no ill will against her b/c she has helped us out a lot, but I feel that we should get our$1500 back because she made the contract null and void b/c she refused to do her part in fixing the electricalany help?

Ill send you the form the pros use in Chicago