I am working on calculating the depreciation basis for my rental property, and I am currently analyzing two appraisals. The first appraisal was conducted in 2020 when I purchased the property, while the second apprais...

The discrepancy in numbers is startling and I don't know where or if I went wrong. 

How can a property be sold in 2020 and 2021, for 2 different prices,  with a money discrepancy of $250,000.00, but it was sold to the same person, and it wasn't from refinancing. 

What would you suspect the biggest discrepancies in acquiring/owning multifamily rental for the first time is vs a sfh.

I've heard it is best not to have any big discrepancies in rent.Parenting: Disagreements between tenants about parking, noise, ???

Long and short of it I have gone through 3 months of accounts with the current property management company any found discrepancies where there are several duplications of invoices for the same work done within a few days of each other, invoice totals slightly varying. ie.

It's great that you caught the discrepancy in rent collection as a relatively small issue - it could have been much bigger if not caught!

Not sure where the discrepancy is but would need to be fixed to properly analyze this. 

We ran into some issues with the bank over these discrepancies, but it looks like we can deal at 70% LTV.Furthermore, the seller has provided what seems like a plausible explanation for the missing income, showing how the missing money is "written off" in his management software.

We suspect the units he still owns in the building he isn't paying full HOAs dues on because there are discrepancies in the amount collected each year in the building compared to what it appears should be getting collected...although don't and can't get proof because his family member does the books.