However, I've begun using a CPA to help with my tax filings staring for the 2021 tax season and I pay him to navigate the rules and regulations of what is required.I have heard of CA pursuing "unpaid" taxes on out of state residents who have rentals or earn income in CA, so for my situation, it is worth hiring a tax professional to ensure I am doing everything correctly and am not hit with a bill 5 years from now from unpaid taxes + interest claimed by CA.

I would suggest consulting with an independent agent that handle construction and contractors and ask if your state's workers comp system would cause you to be at risk for a Workers Comp. claim. 

@Christopher Kinnaman ironically the nee IL law forces unlicensed wholesalers to do 2 wet closings, hiding the fee and lowering the amount to the sellers since the law specifically calls out contract assignment and double dry closings aka fund AB close with funds from BC.So they claimed it was to protect sellers the reality is now sellers will get less money due to twice the closing costs, and won’t know what the wholesaling fee was due to separate closings.

Hi All,Please, I need your help understanding the new IRS law starting January 2023, which will only allow you to claim losses on your business for three out of five tax years.

It's amazing how many tenants will claim they never got the letter/email about the change and claim they paid rent to the "last guy." 

"$995 for a local apartment complex for which he claims never to have lived at.I am very new to this whole process so I have not seen many different cases or scenarios pertaining to screening or anything, but I can't seem to figure out how someone can be a previous home owner, approaching retirement, with 3 years credit history.

If they opt not to accept the property by declining to timely give you a non-refundable reservation fee or actually sign the lease with a full security deposit and first month's rent THEN AND ONLY THEN should you process the next applicant.You should not process multiple people and select one subjectively; you're asking for trouble with fair housing when someone claims they were discriminated against.Offer the property to the first one that applies that meets your written standards for qualification.

However, insurance claims can be and are denied.

The landscaper claimed he had them on a list to come back from a year prior when they was never requested.

What are the IRS rules for claiming tax deductions related to rehabs?