Hi Andrew:Your best bet is to have the title company run a preliminary title report to determine who the property owner is and how title is held.

I wouldn't just tape those up.....Hard to tell on pix, but it may just be dust that is accumulating in areas due to normal air circulation/turbulence....if that's the case, you really just need to clean the unit up...... dust will kill the efficiency of cooling unitsWorst case is that its something liquid leaking and its blowing that material across that surface and dirt is sticking to thatBy sealing it up without knowing the issue, you are just encasing the issue out of site and will likely just postpone needing to deal with it.Id take the covers off and take  a better look....my gut is that's it dust material

Assuming your not doing your own servicing then the majority of states you do not need to be licensed in but you need to register your company as a foreign entity.NMLS is probably the best site to research it but if you let people know what states your interested in then ask around.

@Brynn Hatch welcome to the site.

With that said, just wanted to say thanks to the BP site and members for all of the encouragement and support consistently displayed throughout the community.

@Russell Brazil Hey correct me if I'm wrong but the listing agreement language isn't even relevant here.The relevant contract for payment of commissions is the employment or IC agreement between the broker and agent... and I'd be willing to bet anything that contract says you get paid only if the broker gets paid.

It could be a point or so different.Some A go between 4-5% some B is 5-6%But I bet that in LA  or SF done A could be in the 3%!!

They won't be amle to make their lot smaller than what is required for what they have on the site.

You will learn tons on this site and even more from the members.

I have seen on this website answers both ways regarding this (the site administrator saying leave it in Sch A, and his colleague (also a enrolled agent) advising that it can be written off in Sch E, but that there are certain restrictions mainly -- you must have passive activity gains where the deductions are covered (no passive activity loss carry over allowed.