You get ONE paper statement, with each account identified and transactions that go with that account in its own section of that single statement.If you have to maintain separate escrow accounts for each tenant, then "relationship banking" is even more beneficial for all, because those escrow accounts sit there with zero activity, so why have to deal with all the extra statements.And if you go paperless, then this is even less of a factor to the banks; the account info is all computerized, and the computer could care less whether the accounts it has belong to one or a hundred people.However, the smaller bank, with just a couple of branches and the same people always there, just might look at your situation as Bill posted.

If you flip 5 properties and keep 5 properties as rentals in a given year, the 5 flipped properties will get taxed as business income (and be subjected to SET) and the 5 rentals will be classified as capital assets and will get taxed as such.That said, I believe that if there are properties where the IRS can't really determine if they are intended to be flips or rentals (intent does matter in this case), then the IRS can look at previous patterns by the taxpayer and make a general classification of "Dealer" to determine that all properties fit that criteria.But, if you segregate your properties properly (flips from one or more business entities and rentals from other business entities), you should be able to treat some properties as inventory (dealing) and some as rentals (capital assets).I'm not a tax professional, but that's how I understand it.

Thank you Peter.I guess if I could continue with this then, what would be the next thing you would look for in a market you identified that has a high absorption rate?

The key is learning how to identify the 1% deals in both cities or any other city in the country.

Once a person has gone 24-30 months past such a court case, thus showing that this isn't a pattern of behavior, then I can see allowing the issue to pass.

Though our business isn't a charity, we do look at the bigger picture when dealing with people, and make a judgment on whether or not we think their circumstances are a bump in the road, or an overall pattern.

We identified it but ensuring all faucets were off, not leaking and checked the water meter to see if it was still flowing water.

From the test narratives described above, they concluded the Gordons were involved in a pattern of discrimination against people with disabilities, citing in the first case Gordon required deposits for companion animals even if there was a doctor’s letter, and in the second case that the deposit depended on the validity of the doctor’s letter.

If the prior company is out of business you may be either S-O-L (an multi-industry term), or...You could go back to the prior insurance company, identified on the recorded transfer deed, and ask them to insure your transaction, or...Offer to personally indemnify the insurer of the last transaction, if you believe you have about a zero % chance if one of the lien holders sticking their head up and making a claim.

When the city does their inspections, they will identify anything needing repairs before it passes the inspection.