Investment Info:

Single-family residence fix & flip investment in Walla Walla.

Purchase price: $100,000

Cash invested: $40,000

Sale price: $185,000

Flip Six: We bought this property from some...

:/ I should’ve known better, after all it was listed on the mls for 65% of E-ARV.

Taxes and Other Government Fees $200.00Recording Fees Deed: $200.00 E.

For tax purchases, it's the same as a normal loan, you just report everything on Sch E: rents, expenses & depreciation, and the interest from the mortgage payments.Hope that helps!

Amazon e-gift cards is actually a great idea. 

No answers, no response from us is our policy.Then additonal screening is conducted prior to even responding via e-mail.

Any gains or losses are reported on the owner's 1040 schedule "E" just as they would be otherwise.  

@Scott R.If it is indeed a rental property, you need to report the rental income on Schedule E and attach to Form 1041.

@Lee Judd what do you not like about  Tenantcloud I ha e been looking at that one as well

I have a small online e-commerce business that I can run anywhere, so that is allowing me to escape the California Covid situation right now :pMy only background in real estate is selling the houses I inherited with my sister when our parents died.