In the leveraged case, we have $12,000 of depreciation lowering our taxable part to $5,760.

But there is a federal website that helps to determine cost effectiveness of heating fuel source:http://www.eia.doe.gov/neic/experts/heatcalc.xlshttp://www.eia.gov/

Roger - Try reading this and other threads posted here first:http://www.biggerpockets.com/forums/30/topics/74992-doing-lonnie-deals-and-the-safe-actIn Florida if you are going to lend money, you, or an employee, must have an MLO and the MLO must be employed by a licensed lender (most likely a captive finance company you create) and the lender must be state and federally compliant with a variety of laws that relate to lending.That means creating and implementing a Compliance Management System.

Upon receipt, all shareholders must sign the completed form and submit it to the IRS for approval($99.00) - Registered Agent Service Fee (1 year)Optional fees:($49.00) - Compliance Service (1 Year) which will make sure annual reports are submitted on time and that my business is kept in good standing ($35.00) - Nevada Certificate of Good Standing for a S-Corporation ($69.00) - Obtain Federal EIN Number - We apply for EIN using client's social security information($35.00) - Prepare IRS Form SS-4 (Federal EIN Number)Total is about $500.Also, I was going to incorporate in NV but do business in CA... is there something else I need to do in order to do business in CA?

you have short-term & long-term capital gain taxes. if the short-term capital gains tax says you have to wait 12 months before seeling a house, you are taxed 15% (instead of your federal tax bracket of, say 20 something %.so if it took you 11 months to rehab, i'd wait 32 days until I'd sell - resulting in more $ in your pocket.

The Federal SAFE Act specificaly addresses "any arrangement".....scheme....that may be used as an installment purchase....is covered by the Act.Next issue will depend on how the contract is written.

Also you need to factor in your current marginal tax bracket, while paying a high tax bracket is a good thing in the sense that it means you are making money if you can manage your taxes now by having some offesting expenses of mortgage interest and when and if you sell the business and/or are in a situation in the future where you taxable income is lower then it might make sense to have the properties paid off free and clear

In the complaint, Sykes listed eleven separate claims for relief, six under the Oregon Fair Housing Law and five under the federal, all based on Chris Gordon’s letter to Keel and Jim Gordon’s statements to FHCO testers described above.

You will show the full investment into the business and it will show what is taxable and what is not to each partner.How the IRS sees it: The moment you agreed to work together you verbally formed a partnership and a Partnership Return(Form 1065) must be filed.If you want any clarification on this just let me know.

Factor (3) is governed by laws of certain states, and therefore is beyond the power of federal government to make changes.Factor (4) had changed the US housing culture forever.